Urenco

Michael Fallon Excerpts

Monday 22nd April 2013 Written Statements

[The Minister of State, Department for Business, Innovation and Skills (Michael Fallon)]

I wish to inform the House that the Government have decided to work with our partners in the uranium enrichment company Urenco to move forward preparations for the sale of all or part of our one-third shareholding. It is Government policy not to continue to hold shares in companies where the shareholding itself does not deliver any policy objective. Any sale of our Urenco shareholding remains contingent upon full protection of our security and non-proliferation interests, and upon achieving value for money for the UK taxpayer.