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BNFL: Sale of Assets

Volume 707: debated on Monday 2 February 2009

Question

Asked by

To ask Her Majesty's Government whether the full terms on which British Nuclear Fuels Ltd agreed on 17 December 2008 to sell its one-third share in the management company of the Atomic Weapons Establishment, Aldermaston, to Jacobs Engineering Group of Pasadena, California, were considered and approved by HM Treasury. [HL769]

HM Treasury was involved in the development of BNFL’s strategy. This strategy involved transferring the management of decommissioning sites to NDA-appointed contractors through competitive processes, ceasing to carry out any non-commercial activities and seeking to realise value from other assets, including the sale of the BNFL stake in the management company for the Atomic Weapons Establishment.

Implementation of the sale of the AWE stake was led by BERR and approved by BERR's Secretary of State and accounting officer. Treasury officials provided advice on the interpretation of rules relating to parliamentary notification as covered in Managing Public Money. (ISBN 9780115601262).