Rolls-Royce refutes claims of plans for IPO of its small nuclear reactor division.
Rolls-Royce Holdings and IPO Speculation
Denial of IPO Plans: Rolls-Royce Holdings has refuted claims that it is considering an initial public offering (IPO) for its small nuclear reactor unit, Rolls-Royce SMR. A spokesperson confirmed that there are no plans or processes underway for an IPO, despite reports from the Financial Times suggesting otherwise.
Current Developments: The Financial Times indicated that discussions regarding funding options, including an IPO, were in the early stages with investment houses and banks. However, Rolls-Royce SMR has firmly stated its position against pursuing an IPO.
Small Modular Reactors Initiative
Government Support: In June, Rolls-Royce SMR was chosen to construct Britain's first Small Modular Reactors (SMRs) as part of a broader initiative to accelerate the decarbonization of the power network by the mid-2030s. The British government has committed £2.5 billion (approximately $3.4 billion) to support the SMR program over the next four years.
Global Market Potential: The successful implementation of the British SMR project could pave the way for a significant global market, as other countries, including the United States, Canada, Romania, and the Czech Republic, are also exploring the development of SMRs. This could lead to a burgeoning small-scale nuclear industry in Europe.
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