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.
For comments and feedback: editorial@rttnews.com