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Utah's EnergySolutions weighs sale of U.K. business

Published July 17, 2012 8:38 am

This is an archived article that was published on sltrib.com in 2012, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

EnergySolutions Inc., the Utah-based nuclear-services company, is considering the sale of its U.K. and European business, which includes a contract to operate 22 Magnox reactors.

The company was approached by third parties about the unit, Chief Executive Officer David Lockwood said in a statement today.

The company's contract with the U.K.'s Nuclear Decommissioning Authority to manage and operate the reactors began in June 2007. The authority has raised no objections to a potential sale, the Salt Lake City-based company said.

The announcement was made before the start of regular trading on U.S. markets. EnergySolutions' shares closed Tuesday at $1.73, up 10.5 cents, or 6.44 percent for the day.