Update 2 – Hitachi near British nuclear project deal

Update 2 – Hitachi near British nuclear project deal

by assystem adminhttp://energyandnuclear.com/2012/10/29/update-2-hitachi-near-british-nuclear-project-deal/

Hitachi made best offer

Hitachi Ltd , Japan’s largest industrial electronics maker, is close to buying British nuclear new-build project Horizon, two people familiar with the matter told Reuters.
“Hitachi has made the best offer and has a good chance to get Horizon,” a source familiar with the matter told Reuters, speaking on condition of anonymity.
Another person with knowledge of the proceedings also said Hitachi, which is leading a consortium bidding for the project, was likely to be the winner.
Japanese media said on Saturday the deal was expected to be worth more than 50 billion yen ($628.5 million) while analysts have put the value of Horizon at about 500 million euros ($646.6 million).
Read the full article here http://www.reuters.com/article/2012/10/27/hitachi-horizon-idUSL3E8LR05X20121027?feedType=RSS&feedName=bondsNews