Shareholder Executive
Main navigation
Feedback
What’s New
WINNING BIDDERS FOR NDA LAND AUCTION ANNOUNCED
On 29 April 2009 the Nuclear Decommissioning Authority announced the successful conclusion of its auction process for the disposal of land adjacent to three existing nuclear sites at Bradwell in Essex, Oldbury in South Gloucestershire and Wylfa in Anglesey.
This complex process started in March 2008 when the NDA requested expressions of interest for its assets. The NDA project team working with its advisers and the Shareholder Executive developed an innovative solution designed to maximise value which has been completed on schedule. The sale of these three sites is worth up to £387 million which the NDA will use to help fund the cost of decommissioning and further its core mission.
The successful bidders are:
- Bow Bidco Wylfa Ltd (A consortium consisting of EON UK Plc and RWE Npower Plc) for the 178 hectares (438 acres) of land at Wylfa;
- Bow Bidco Oldbury Ltd (A consortium consisting of EON UK Plc and RWE Npower Plc) for the 48 hectares (119 acres) of land at Oldbury;
- EDF Development Company Ltd for the 200 hectares (493 acres) of land at Bradwell.
ORDNANCE SURVEY: NEW BUSINESS STRATEGY
A new strategy for Ordnance Survey, the business responsible for the national mapping of Great Britain, was announced in the Budget yesterday. The strategy aims to open up geospatial information for greater use in the economy and society.
Further details are given below and the strategy is available for comment at http://strategy.ordnancesurvey.co.uk
ORDNANCE SURVEY: NEW BUSINESS STRATEGY
Latest news from the DCLG
OPERATIONAL EFFICIENCY PROGRAMME (OEP) FINDINGS PUBLISHED
The findings of the Operational Efficiency Programme (OEP), a year-long programme examining operational spending in the public sector, were published yesterday showing scope for £15 billion of efficiency savings.
Read full press release and final report below.
HMT Press Release - 21 April 2009
Operational Efficiency Programme: final report
The UK Atomic Energy Authority seeks buyers for its commercial business, UKAEA Limited
The UK Atomic Energy Authority today announced it intends to offer for sale its commercial arm, UKAEA Limited. The UK Atomic Energy Authority is wholly owned by the UK Government.
UKAEA Press Release - 30 March 2009 (doc)
GOVERNMENT TO SECURE FUTURE OF POSTAL SERVICE
On Thursday 26 February, the Government published a Bill and detailed policy statement to secure the future of a successful publicly-owned Royal Mail.
The Bill keeps the Post Office wholly in Government ownership, while allowing for a strategic partner to bring experience and investment to transform the Royal Mail, with the Government taking on its pension deficit.
Read full press release, which includes the detailed policy statement and the final report of the Hooper Review published in December 2008.
BIS Press Release - 26 February 2009
NEW COMPANY TO MANAGE GOVERNMENT'S SHAREHOLDING IN BANKS
Arrangements for managing the Government's shareholding in banks subscribing to its recapitalisation fund were announced
yesterday by Chancellor of the Exchequer, Alistair Darling. The Government's investments will be managed on a commercial
basis by a new arm's-length company, 'UK Financial Investments Limited' (UKFI), which is wholly owned by the Government.
Its overarching objectives will be to protect and create value for the taxpayer as
shareholder, with due regard to financial stability and acting in a way that promotes competition. Read full press release below.
Treasury Press Notice
GOVERNMENT SELLS ITS STAKE IN BRITISH ENERGY
The Government today welcomed EDF's proposed £12.5 billion takeover offer for British Energy Group plc (British Energy) and the British Energy Board's recommendation of the offer to its shareholders.
The Government has committed to accept the cash offer of 774p per share for its 36 per cent stake held by the Nuclear Liabilities Fund (NLF), subject to certain conditions. Read full press release below.
BIS Press Release
MOD SELLS ITS STAKE IN QINETIQ
On 9 September 2008, the MOD announced the successful completion of the sale of its remaining stake in QinetiQ. See the MoD press notice for more details.
MOD Press Release
TRADING FUNDS ASSESSMENT DETAILS ANNOUNCED
Further details of a Government assessment into trading funds were announced today (25 June) by the Department for Business and the Treasury. The review, announced as part of Budget 2008, will be conducted by the Shareholder Executive and will consider the benefits to the wider UK economy from any potential changes to the trading funds’ business model.
Read full Press Notice
Terms of reference for the Trading Fund Assessment to be carried out by Shareholder Executive/HMT
NEW CHAIR TO THE NUCLEAR DECOMMISSIONING AUTHORITY (NDA)
Business Secretary John Hutton today (21 February 2008) announced the appointment of Stephen Henwood as the new Chair of the Nuclear Decommissioning Authority (NDA). The appointment will take effect from 1 March 2008.
See the Press Notice for more details