British Nuclear Group should be sold

2 October 2005

The BNFL board of directors has said it believes a sale of its cleanup and nuclear services subsidiary British Nuclear Group (BNG) “would be in the best interest of the company and its employees.”

The 30 September announcement confirmed a full consultation with all stakeholders and the secretary of state for trade and industry had begun that day.

Following the commencement of the sale of its Westinghouse subsidiary, the decision to sell BNG – though coming sooner than expected – is of little surprise. Less than three months before this announcement, when asked whether BNFL aims to dispose of BNG, Mike Parker,CEO of BNFL, told NEI: “I think it’s too early to early to say that right now,” but added: “Certainly it’s not impossible that would be the endpoint.”

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