No. of Recommendations: 4
Actually this is the world’s second largest nuclear fuel producer.

This is a really interesting story with so many twists and turns.

The sellers would be the Brits who spout private ownership and oh incidentally could use the cash but do feel they need more nuclear power not less. The Germans are currently supposedly winding down their nuclear program over a very long time frame (methinks a government change could change that) and Holland with only one producing nuclear power plant is the only partner that wants to keep the current status.

The prospective buyers are an even more eclectic crowd.

The good news is that Cameco has stated that they are “not close to deciding whether it will make a bid”. }};-()

What’s next and Canuck Pope!!! }};-()


Any <thinks he may short sanity> mouse

http://www.reuters.com/article/2013/02/06/urenco-sale-nuclea...

Urenco sale plan divides secretive nuclear fuel club

Wed Feb 6, 2013 11:31am EST


* Urenco shareholders weigh price vs security

* Possible bidders include Westinghouse, Areva

* Sale to non-EU player could require new treaty

* London and Berlin open to sale, Dutch prefer status quo

By Geert De Clercq and Fredrik Dahl

PARIS/VIENNA, Feb 6 (Reuters) - The planned sale of Urenco poses a quandary for the three European governments that own it. They want a good price for the world's second-largest nuclear fuel vendor, yet are suspicious of every buyer's motives.

Germany, Britain and the Netherlands, which set up Urenco more than forty years ago, have a duty to ensure secret technology that could be used to make an atomic bomb does not fall into the wrong hands.

U.S.-Japanese reactor builder Westinghouse, French nuclear group Areva and a consortium led by a former industry insider have been reported to be eager to buy a stake in Urenco, estimated to be worth up to 10 billion euros ($13.53 billion).

Other bidders for the company, which enriches uranium into nuclear fuel sold to power stations in Europe, the U.S. and Asia, could include uranium miners, infrastructure funds or even China.




http://www.reuters.com/article/2013/02/11/cameco-urenco-idUS...

Cameco CEO says not close to decision on bid for Urenco
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