The Government is selling part of its stake in nuclear power firm British Energy, with proceeds going towards decommissioning costs of the company's eight nuclear power stations, it was announced today.
Britain's Trade and Industry Secretary Alistair Darling said 400 million shares would be sold, cutting the Government's stake in the firm from 64 per cent to 39 per cent.
Proceeds from the sale will go to the Nuclear Liabilities Fund to help meet the eventual cost of decommissioning British Energy's power stations.