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Britain to Raise $1.64 Billion in Urenco Stake Sale, Times Says

Aug. 7 (Bloomberg) -- The British government will begin an auction process to sell its stake in Urenco Ltd., a uranium-enrichment company, next month, The Sunday Times reported without saying where it got the information.

The U.K. treasury, which owns one-third of the company, is seeking to get about 1 billion pounds ($1.64 billion) for the stake, the newspaper reported.

To contact the reporter on this story: Firat Kayakiran in London at fkayakiran@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net

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