Sellafield share transfer completed

The transfer of shares in Sellafield Ltd to Nuclear Management Partners Ltd (NMP) has been completed, bringing to an end a two-year competitive process to secure a parent body for the licence company that manages and operates several sites on behalf of the UK's Nuclear Decommissioning Authority (NDA), including the reprocessing and waste storage facilities at Sellafield. NMP will own the shares in the company for up to 17 years, the potential length of new and updated contracts between NMP, Sellafield Ltd and the NDA. The deal is worth £1.3 billion ($2 billion) in its first year and approximately £22 billion ($33 billion) over the full lifetime of the contract. NMP, a private sector consortium of AMEC, Areva and Washington International Holdings, beat three other consortia to be selected as preferred bidder for the site.