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5 months ago
Toshiba says to buy Engie's 40 stake in NuGen for 15.3 bln yen
April 4, 2017 / 9:57 AM / 5 months ago

Toshiba says to buy Engie's 40 stake in NuGen for 15.3 bln yen

TOKYO, April 4 (Reuters) - Japan's Toshiba Corp said on Tuesday it will buy Engie's 40 percent stake in their British nuclear joint venture NuGen for 15.3 billion yen ($138.5 million).

Toshiba currently owns 60 percent of NuGen, which plans to build three reactors at the Moorside site on the coast of Cumbria and expects electricity generation to start in 2025. ($1 = 110.4500 yen) (Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman)

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