THE GOVERNMENT is thought to be preparing to sell its stake in Urenco, a uranium enrichment specialist, to help raise money for the Exchequer.
Gordon Brown tried unsuccessfully to sell the government’s holding in Urenco in 2009 but the coalition is understood to be lining up advisers for a beauty parade ahead of an auction within the next year.
Urenco is part-owned by the public through the shareholder executive within the department of business, with the rest split between energy firms Eon and RWE. Any sale would have to pass taxpayer value and nuclear non-proliferation tests.
The department of energy and climate change said: “We are assessing the options with regard to Urenco but no decisions have yet been taken.”