Talks to restructure Urenco broke down after German utilities E.ON and RWE, which hold a third in the uranium enrichment firm, refused to agree to a deal that would have prevented a lucrative stock market listing in the future. Negotiations with the Dutch and British governments, which also own a third each, have been going on for years, but the complex ownership as well as concerns over its sensitive technology have made any deal difficult to reach. Urenco, the world’s second largest nuclear fuel vendor after Russia’s Tenex, could fetch up to 10 billion euros ($11.03 billion), sources have told Reuters. Its technology could be used to make a nuclear bomb. Dutch Economic Affairs Minister Henk Kamp said E.ON and RWE declined to sign an agreement creating a new corporate and legal structure for Urenco because it excluded the possibility of a future stock market listing. The agreement would have allowed Britain to sell its one-third stake, while the Netherlands would have remained a one-third owner, Kamp said in a letter to parliament dated Oct. 31 and seen by Reuters on Tuesday.
Reuters 1st Nov 2016 read more »