House of Lords written statement – made on 22nd April 2013.

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Photo of Viscount Younger of Leckie Viscount Younger of Leckie The Parliamentary Under-Secretary of State for Business, Innovation and Skills

My right honourable friend the Minister of State for Business and Enterprise (Michael Fallon) has today made the following Statement.

I wish to inform the House that the Government have decided to work with our partners in the uranium enrichment company Urenco to move forward preparations for the sale of all or part of our one-third shareholding. It is government policy not to continue to hold shares in companies where the shareholding itself does not deliver any policy objective. Any sale of our Urenco shareholding remains contingent upon full protection of our security and non-proliferation interests, and upon achieving value for money for the UK taxpayer.