Urgent.News

What's breaking now, across thousands of outlets.

Business

Energiepolitik: Bund steigt bei britischem Brennelemente-Hersteller ein

RWE und Eon wollen ihre Anteile an Urenco, das auch in Deutschland Uran anreichert, loswerden. Nun tauchen im Entwurf für den Bundeshaushalt Milliarden für den Erwerb von Beteiligungen auf.

Energiepolitik: Bund steigt bei britischem Brennelemente-Hersteller ein

Berlin - The German government is set to purchase a one-third stake in the British uranium enrichment firm Urenco, according to sources from government circles reported by the trade publication Handelsblatt. The news first emerged from the "Welt". Currently, the United Kingdom and the Netherlands each hold a one-third stake in Urenco, while the two former German nuclear power plant operators, RWE and Eon, jointly hold a third.

Sources suggest that the German energy giants are seeking to separate from their current stake due to a shift in their strategy away from nuclear power. Another possible reason could be that the company, which until now has focused on civilian nuclear energy, is increasingly involved in military nuclear activities at the behest of Britain.

Neither RWE, Eon, nor the Federal Ministry of Finance, nor the Federal Ministry of Economics and Climate Protection commented on the matter. The Federal Government had attempted to keep the operation under wraps. However, during the budget draft review 2027 in the Bundestag on Thursday, a new expenditure item appeared: "Expenditures related to the acquisition and holding of shares in energy sector companies: 4 billion euros". The money, according to the Handelsblatt, will be used for the acquisition of Urenco's stake.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Business

HubSpot Founder Returns as CEO

Sales and marketing software company HubSpot has announced a “refounding” as it wrestles with an artificial intelligence (AI)-centric world. The company announced Thursday (Nov.

More from Thursday 12 November →