BNFL to divest AWEML stake
[BNFL, 16 July] British Nuclear Fuels plc (BNFL) continued the sale of its businesses by announcing that it had begun the process of selling its one-third share in AWE Management Ltd (AWEML). AWEML is a joint venture involving BNFL, Lockheed Martin UK and Serco Group to operate and manage the Aldermaston and Burghfield Atomic Weapons Establishment (AWE) sites on behalf of the UK Ministry of Defence (MoD). It began operating the sites on 1 April 2000. Mike Parker, BNFL's Group CEO, said: "BNFL's priority here is to maximise the proceeds from the sale of our share in AWEML. We will also ensure through the process that, following the sale, the AWEML consortium will continue to have all the necessary skills to manage the performance of AWEML's subsidiary, AWE plc, in continuing to meet the requirements of its customer, the Ministry of Defence." BNFL has already completed the sales of its US subsidiaries Westinghouse and BNG America, and recently announced the sale of its UK subsidiary Reactor Sites Management Company (RSMC).
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