Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Tuesday, January 8, 2013

Toshiba boosts Westinghouse stake to 87%

Toshiba boosts Westinghouse stake to 87%

Tokyo (AFP) Jan 7, 2013
Toshiba has boosted its stake in US nuclear power plant builder Westinghouse Electric to 87 percent, the company said Monday, as it eyes atomic opportunities outside disaster-struck Japan. The Japanese technology conglomerate said it paid about 125 billion yen ($1.42 billion) for a 20 percent holding in Westinghouse held by US-based engineering firm The Shaw Group. http://www.nuclearpowerdaily.com/reports/Toshiba_boosts_Westinghouse_stake_to_87_999.html

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