UK Announces Sale of Urenco Stake

Reuters reported that the British government announced its plans to sell some or all of its stake in Urenco, the second biggest uranium vendor in the world. The company is worth $13 billion and the UK owns a 33% stake in the company.

As quoted in a news article:

Urenco is estimated to be worth up to 10 billion euros ($13 billion) and several buyers have been reported to be ready to bid for a stake.

These include French nuclear group Areva (AREVA.PA), Canadian uranium miner Cameco Corp (CCO.TO), reactor builder Westinghouse’s Japanese parent Toshiba, (6502.T) and the Canada Pension Plan Investment Board (CPPIB).

Click here to read the full Reuters report.