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BNFL sells off reactor sites

BNFL is to break up its subsidiary British Nuclear Group (BNG) selling off its reactor sites business whilst keeping control of its works at Sellafield.
The move made jointly by BNFL and the Nuclear Decommissioning Authority (NDA) is an attempt to allow BNFL to sell BNG without damaging the competitiveness of the company or the strength of competition in the industry.BNFL's chief executive officer Mike Parker said: 'This was always going to be a highly complex challenge. BNG is comprised of different businesses, all of which need their futures securing in very different ways.' The decision was separately agreed at BNFL and NDA Board meetings and comes on the back of a previous decision made by the BNFL Board in August to sell separately BNG's Project Services Business and the shareholding in AWE.

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