Thursday, August 31, 2006

Fluor in Talks to Purchase BNG

From the Times (U.K.):

FLUOR, the US engineering giant, last night made a direct approach to the Government in a bid to buy British Nuclear Group outright, after it was infuriated by last week’s decision to delay the sale of the decommissioning business, The Times has learnt.

A delegation from Fluor met Geoffrey Norris, the Prime Minister’s special adviser on nuclear matters. It is understood that Fluor proposes to pay between £250 million and £400 million cash, some way short of BNG’s £500 million value.
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