AEA Technology will be valued at up to £216 million sterling when it floats on the London Stock Exchange later thin month in the government's last privatisation before the next general election, it was announced yesterday.

Shares in the former technology arm of the UK Atomic Energy Authority will open in an offer price range of 240p to 270p per share. AEAT provides decommissioning and waste management services for the nuclear industry in Britain and overseas.