30 Apr (NucNet): Westinghouse Electric UK is to acquire a combined 52 percent stake in Japan’s Nuclear Fuel Industries (NFI).
Westinghouse, a Toshiba Group company, said today that it had signed a share transfer agreement with Furukawa Electric Company and Sumitomo Electric Industries under which NFI will operate as a Westinghouse subsidiary.
The acquisition, at an approximate cost of 100 million US dollars (about 75 million euro), is expected to be finalised next month.
NFI was formed in 1972 and is Japan’s sole producer of fuel for both boiling water reactors and pressurised-water reactors.
>>Related reports in the NucNet database (available to subscribers)
Processing Deal Puts MOX Use Back On Track For Japan’s Kansai Electric (News in Brief No. 43, 9 April 2008)
