BNFL sale of reactor sites business

12 January 2007

The UK’s BNFL has announced it has commenced the sale of its reactor sites management business, which manages operations and decommissioning at 10 magnox reactor sites across the country, on behalf of the Nuclear Decommissioning Authority (NDA).

The sale of the entire share capital of a new wholly-owned business, called Reactor Sites Management Company, will include Magnox Electric Limited, the holder of the site licences as a wholly-owned subsidiary.

Two of the reactors were shut down for decommissioning at the end of 2006 with the last two scheduled to cease operations in 2010.

The sale is being handled for BNFL by its financial advisers, NM Rothschild & Sons.

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