The government of Japan has entered into negotiations to acquire U.K-based Urenco, a major European producer of enriched uranium, in a deal that is expected to be several billions of dollars. The Japan Bank for International Cooperation is expected to make an offer together with Centrus Energy Corp., a U.S. company. The not-so-ulterior motive is to block companies from Russia and China — two countries that are increasing their influence in the global nuclear power market — from taking control of the company. At home, the Japanese government is promoting nuclear power generation as a major source of electricity — another reason it hopes to secure an interest in Urenco’s enriched uranium.
Nikkei Asian Review 19th Jan 2018 read more »
URENCO is not in discussions with the Japanese government in relation to a sale of its business. We are focussed on our global operations as a leader in uranium enrichment services. Our priority is delivering for our customers around the world.
Urenco 19th Jan 2018 read more »