Electric and natural-gas company Constellation Energy Group Inc. said Monday one of its subsidiaries bought uranium trading firm Nufcor International Ltd. from gold-mining company AngloGold Ashanti Ltd. and financial-services company FirstRand International Ltd.
The terms of the deal were not disclosed.
The company said Nufcor will be exploring new risk-management offerings to uranium buyers in North America, Europe and Asia markets.
Nufcor will continue to act as the uranium market adviser to Nufcor Uranium Ltd. through its subsidiary Nufcor Capital Ltd.
Constellation said Nufcor also will continue to operate out of London and will move to Constellation's Aldwych offices in early July.
Constellation shares fell 37 cents to $81.73 in after-hours trading. During regular trading, shares rose $1.32 to close at $82.10.
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