Government confirms Urenco sale

THE government has confirmed it will sell some or all of its 33% stake in Urenco, the world's second-largest producer of enriched uranium.

Three countries hold equal stakes in the security-sensitive uranium enrichment concern - Britain, the Netherlands and Germany, whose share is held by utilities E.ON and RWE.

The Buckinghamshire-based firm employs around 300 people at an enrichment plant in Capenhurst near Chester. The group saw pre-tax profits grow 16% to £455m in the year to December on sales of £1.3bn, ... For the full story register now for free or login below...