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Plans to sell Urenco to go ahead

The government has secured agreement to sell its stake in uranium enrichment company Urenco, business and energy minister Michael Fallon said today.

The Dutch government and German energy firms RWE and E.on - each owning a third of the company - has agreed the UK government can sell its stake in the firm.

Any sale must suit the UK’s security and non-proliferation interests, as well as being good value for taxpayers, said Fallon.

“Urenco is a world leading, high technology company with strong earnings and the time is right for government to sell its stake,” said Fallon. “It makes good commercial sense now and is consistent with our position that assets should be sold where ownership itself does not deliver any policy objective.”

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