British Nuclear Fuels has commenced the sale of its reactor sites management business, which manages the safe delivery of operations and decommissioning at 10 nuclear sites across the UK, on behalf of the Nuclear Decommissioning Authority.

The sale will be of the entire share capital of a new wholly-owned business called Reactor Sites Management Company, which is responsible for the management of the Magnox reactor sites in the UK.

Magnox Electric Limited, which is the holder of a nuclear site license for each of the Nuclear Decommissioning Authority’s Magnox reactor sites, will be a wholly-owned subsidiary of Reactor Sites Management Company and therefore will be included in the sale.

Magnox Electric Limited comprises 10 nuclear reactor sites. Four are still generating, with two ceasing by the end of 2006 and the last scheduled to cease in 2010. The Reactor Sites Management Company will employ around 70 staff directly at its base in Berkeley, Gloucestershire and has management responsibility for a further 3,500 employees across all of its UK sites.

British Nuclear Fuels is now looking for potential buyers to submit their interest.