(MENAFN- AFP) Toshiba plans to buy a controlling interest in British nuclear firm NuGeneration in a bid to rekindle its atomic business which has not drawn any new orders since the 2011 Fukushima crisis, a report said on Friday.
Japan's leading Nikkei business daily reported that the engineering giant would scoop up a 50 percent stake in the British company as early as this year in a deal worth about 20 billion yen ($200 million).
The acquisition would be made through Toshiba's US nuclear unit Westinghouse Electric, the report said without citing sources.
A Toshiba spokesman was not immediately available for comment.
NuGeneration is owned by France's GDF Suez and Spain's Iberdrola, which each hold a 50 percent stake in the firm.
Toshiba boosted its interest in Westinghouse earlier this year as it eyes atomic opportunities outside disaster-struck Japan.
Rival Hitachi said last year it would buy British power firm Horizon to expand its nuclear business overseas.
The Fukushima disaster saw a quake-sparked tsunami smash into the plant, sending reactors into meltdown and sparking the worst atomic accident in a generation.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.