Areva Looking to Buy Stake in Uranium Enrichment Firm

Reuters reported Areva (EPA:AREVA) is looking at buying a stake in Urenco, a UK-based uranium enrichment company.

As quoted in the market news:

Areva has asked bank Nomura to look into acquiring a stake, while German utilities RWE and E.ON, which together own 33 percent of Urenco, have asked Merrill Lynch to seek a buyer of their stake, daily Het Financieele Dagblad said.

Click here to read the full Reuters report.