Urenco Owners Look to Hold IPO

The owners or Urenco, the world’s second-largest nuclear fuel vendor, could be set for an initial public offering as its owners – Britain, Germany and the Netherlands – look to sell it.

According to Reuters:

Urenco, the world’s second-largest nuclear fuel vendor after Russia’s Tenex, could fetch up to 10 billion euros ($12.31 billion), but the complex ownership structure makes both a sale and an IPO difficult, separate sources have said.

Its owners, which include German utilities E.ON and RWE on behalf of the German government, want to raise money from asset sales but they also have a duty to ensure secret technology, which could be used to make an nuclear bomb, does not fall into the wrong hands.

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