According to Nikkei reports, Toshiba Corp. (TOSBF.PK) is in discussions to acquire 10 percent stake in NuGeneration Ltd (NuGen), a UK nuclear company, from GDF Suez (GDSZF.PK, GDFZY.PK), which will increase Toshiba's interest to about 60%.
NuGen is owned by GDF SUEZ and IBERDROLA (IBDSF.PK). NuGen was established in February 2009 when IBERDROLA and GDF SUEZ entered a partnership to participate in the development of new nuclear power stations in the UK. NuGen's Moorside project aims to develop a new generation nuclear power station of up to 3.6 GW on land in West Cumbria, North West England.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.