EnergySolutions (ES) May Sell UK and European Businesses; Management Magnox Nuclear Reactor Fleet
Tweet
Share
E-mailGet Alerts ES Hot Sheet
Join SI Premium – FREE
EnergySolutions (NYSE: ES) has announced that it is considering the sale of the company's UK and European business which holds a contract with the Nuclear Decommissioning Authority ("NDA") to manage and operate 22 of the UK's Magnox nuclear reactor fleet. The Company acquired the current Magnox contract in June 2007.
"We were approached by third parties to purchase the ESEU business, which holds the Magnox contract with the NDA, and are considering a number of proposals and transaction structures," David Lockwood, CEO and President, stated. "We are evaluating these alternatives in the best interests of our shareholders, customers and employees."
The NDA has raised no objections to the sale consideration which will be evaluated quickly and efficiently.
"We were approached by third parties to purchase the ESEU business, which holds the Magnox contract with the NDA, and are considering a number of proposals and transaction structures," David Lockwood, CEO and President, stated. "We are evaluating these alternatives in the best interests of our shareholders, customers and employees."
The NDA has raised no objections to the sale consideration which will be evaluated quickly and efficiently.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Magna Holdings makes unsolicited bid for 31% of Yatra Online
- Westlake Corp adds dual listing on NYSE Texas exchange
- Robo.ai names Hao Wang of Changer.ae to its board of directors
Create E-mail Alert Related Categories
Corporate News, Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
