Both prospective buyers are offering far less than what Ottawa believes the company to be worth, based on a confidential valuation provided by Wall Street investment firm Rothschild Inc.
And neither is willing to make a commitment to finance the completion of AECL’s Advanced Candu Reactor – known as ACR-1000 – technology the company is relying on to compete in both foreign and domestic markets.
These companies probably just want to break it up. Poor Ottawa, they had a dream that some big rich nuclear company such as Westinghouse would see the error of their ways and buy AECL to push the Maple-2 (ACR1000).
This is sad.