Nuclear

Sources say Areva, Toshiba mulling bids of nuclear fuel firm Urenco

Unnamed industry sources say the French firm Areva and the Japanese firm Toshiba, which owns Westinghouse, are considering making bids for Urenco, a nuclear fuel producer, Reuters reports.

The famously secretive company was formed by the 1971 Treaty of Almelo and is owned in three equal parts by the UK, German and Dutch governments. Any decision to sell shares in the company must be agreed upon by all partners. The UK and German governments are reportedly keen to unload their shares in the company, but the Dutch are not considering a sale.

Due to the logistical complications of arranging a sale, sources quoted by Reuters say it is likely nothing will happen this year.

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