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Nuclear energy giant with Bucks HQ in possible £10bn sale
1:10pm Friday 4th October 2013 in News
A URANIUM processing group with its headquarters in South Bucks could be the subject of a £10billion sale.
Urenco, based in Stoke Poges and jointly owned by the British, Dutch and German governments, is close to appointing advisers to oversee its privatisation, according to Sky News.
The nuclear energy giant moved its headquarter offices to Bells Hill in 2011.
A sale could pull in an estimated £3bn for the UK treasury, which would rival the eventual proceeds from the flotation of Royal Mail, which is set to take place next week.
However, the technology and assets of the uranium enrichment group are highly sensitive, with the state owners set to lay out strict safeguards for any potential buyer.
Energy Minister Michael Fallon said earlier this year that any sale would protect UK security and the country’s interests in non-proliferation.
If it goes ahead, the deal would be one of the biggest takeovers in Europe this decade, with the narrow field of bidders thought to include French, Canadian and Japanese companies, including Mitsubishi.
Urenco supplies enriched uranium to nuclear power stations, and has plants in Germany, the Netherlands, the UK and USA.
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