German nuke transport firm NCS to be sold to France’s CIE Daher

German nuclear transport firm NCS will be sold by German Rail to the French
firm CIE Daher, NCS announced to its customers April 3.

According to NCS, the intended sale will include all of the subsidiaries of
Nuclear Cargo & Service GmbH, including its holding in the US firm TLI. The
sale will be final pending approval by the board of directors of German Rail
and the Federal Ministry of Transport. Approval is expected in a matter of
weeks, the firm said.

CIE Daher is a transport firm with experience in logistics for military,
chemical, and nuclear cargos, and in 2006 recorded sales of 450 million euros.
Current NCS owner German Rail, sources said, is selling off diversification
investments in preparation for an anticipated floating of shares on the German
stock exchange.