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Netherlands Confirms Plan to Sell Urenco Stake

The Netherlands Thursday confirmed it plans to divest its 33% stake in Urenco Ltd., clearing the way for the sale of the world's second-largest nuclear fuel maker.Urenco supplies nuclear fuel to power plants in Europe and the U.S.The U.K. government also owns a third of the company, while Germany's top two utilities--E.ON SE (EOAN.XE) and RWE AG (RWE.XE)--hold equal shares of the remainder. The Netherlands was the only shareholder that hadn't yet disclosed its plan to sell its stake in the company.The Netherlands is currently in talks with the other shareholders about shaping the sale process, Finance Minister Jeroen Dijsselbloem said in a letter to lawmakers Thursday. He said Urenco is expected to generate "positive interest" from potential buyers, but that a sale can only take place if the public interest is safeguarded.The value of the whole company could be between 8 billion and 12 billion euros ($10.32 billion-$15.49 billion), people familiar with the matter told The Wall Street J...

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  1. France's Hollande Announces Investment Plan

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