Tuesday, 17 July 2012

EnergySolutions Announces Consideration of Sale of Its UK/Europe Business


EnergySolutions (NYSE: ES) has announced that it is considering the sale of the company's UK and European business which holds a contract with the Nuclear Decommissioning Authority ("NDA") to manage and operate 22 of the UK's Magnox nuclear reactor fleet. The Company acquired the current Magnox contract in June 2007.

"We were approached by third parties to purchase the ESEU business, which holds the Magnox contract with the NDA, and are considering a number of proposals and transaction structures," David Lockwood, CEO and President, stated. "We are evaluating these alternatives in the best interests of our shareholders, customers and employees."

The NDA has raised no objections to the sale consideration which will be evaluated quickly and efficiently.

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