Blogs

A subsidiary of Babcock & Wilcox (B&W) has completed its acquisition of Nuclear Fuel Services (NFS) - a provider of specialty nuclear fuels and related services - for an undisclosed sum.

The atmosphere between Exelon and its takeover target NRG has further soured with a new lawsuit over Exelon's strategy and statements.

Western Prospector Group has announced an offer by a China National Nuclear Company subsidiary to buy all of its common shares in a deal worth about C$31 million ($25.3 million).

Centrica has confirmed it is still in discussions on taking on an equity stake in British Energy (BE), possibly including an asset swap with BE owner Electricité de France (EDF).

Exelon has today increased its offer to acquire NRG Energy by 12.4%. Yesterday, NRG had again recommended that its shareholders reject Exelon's original offer, saying that it undervalued the company, but said that it would consider an increased offer.

Having said it would consider a revised offer from Exelon, the board of NRG Energy has determined that Exelon's revised proposal still significantly undervalues the company and is not in its shareholders' interest.

Plans by gas and electricity supplier Centrica to acquire a minority stake in nuclear utility British Energy from Electricité de France (EdF) have been approved by the UK's consumer and competition authority, the Office of Fair Trading.

Canada-based Uranium One has entered into a definitive agreement to buy the Malco joint venture from Areva and Electricité de France (EdF). Malco owns uranium resources and processing facilities in Wyoming, USA.

The UK Atomic Energy Authority (UKAEA) has agreed to sell its commercial arm, UKAEA Ltd, to engineering support services company Babcock International Group for £50 million ($82 million) in cash.

The potential sale of a 20% stake in UK nuclear power plant operator British Energy by Electricité de France has attracted interest from a variety of European utilities.

Areva announced that it had received three binding bids for its transmission and distribution (T&D) division by the 9 November deadline. The company said that it had received a joint bid from France's Alstom and Schneider Electric, a bid from General Electric (GE) of the USA, and a joint...

Electricité de France has permission to take a controlling stake in a Belgian utility as well as to complete its deal with Centrica regarding British Energy after a ruling by European competition authorities.

Areva looks set to sell its Transmission & Distribution (T&D) business to Alstom and Schneider Electric, strengthening their positions and allowing Areva to concentrate on its nuclear projects.

Ukraine's ministry of fuel and energy has said that the country plans to become an equity partner in the International Uranium Enrichment Centre (IUEC) in 2010. The government has also decided to ban privatization of a uranium project.

Russia's AtomStroyExport (ASE) has completed its purchase of the Nukem Technologies subsidiary of Germany's Nukem. The two companies signed a contract in August regarding the sale of the business, which specialises in decommissioning, waste management and engineering services. The details of...

Investors have been asked to propose a new future for Canada's state nuclear reactor technology business outside of state hands. Existing project partners are thought the most likely buyers.

France's nuclear company Areva is to launch a solar power business on the basis of the acquisition of US-based Ausra, a specialist in concentrated solar power. The move "reflects Areva's strategic objective to be the world leader in concentrated solar power and will further strengthen and...