Subscribe free to our newsletters via your
. Nuclear Energy News .

Toshiba boosts Westinghouse stake to 87%
by Staff Writers
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.

The deal announced Monday finalised an option that Shaw exercised in October to sell its entire stake in Westinghouse to Toshiba.

Last month, Toshiba said it was in talks with three parties about selling a stake of up to 16 percent in Westinghouse, while keeping its majority stake.

On Monday, Toshiba said it "is considering welcoming new investment partners on the premise that we hold a majority share in Westinghouse".

The firm's statement added that partners would be chosen based on "whether we would be able to share visions and long-term business strategy, whether synergy effect with Westinghouse is expected, and an appropriate estimate of Westinghouse's corporate value is provided, among others".

Japanese firms have been looking overseas as demand for new nuclear plants remains uncertain in the wake of the 2011 Fukushima crisis, the worst atomic accident in a generation that was caused by a quake-sparked tsunami.


Related Links
Nuclear Power News - Nuclear Science, Nuclear Technology
Powering The World in the 21st Century at

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Experts okay restart of worrisome Belgian nuclear plants
Brussels (AFP) Jan 05, 2013
Scientific experts have greenlighted the restart of two Belgian nuclear power plants despite signs of micro-cracks in reactor vessels, the daily Le Soir said Saturday. No independent confirmation was immediately available from Belgium's nuclear safety authority, AFCN. Le Soir, which did not identify its sources, said "experts on material resistance who were asked for their opinion on the ... read more

Lithuanians recycle Christmas trees into biofuel

Germany Helps Ukraine Develop Biofuel Production

Boosting Galactan Sugars Could Boost Biofuel Production

Discovery May Pave Way to Genetically Enhanced Biofuel Crops

Latest PV Test Technology Helps To Boost School's Green Commitment

Delaware made solar panels used for large Ultrachem PV installation

MidAmerican Solar Acquires World's Largest Solar Development from SunPower

Suntech Solar Modules Shine in Desert Simulation Test

British group pans wind farm compensation

GE and International Consortium Buys 32 Wind Farms in France

Tax credit extension a reprieve for wind

DTE Energy announces commercial operation of Thumb Wind Park

Energy independence for India?

'Green' issues weigh increasingly on sport

N. African states eye major energy drive

Mortenson Renewable Energy Groups Wraps Up Record-Breaking Year

Iran oil exports down 40% in 9 months: minister

Military on sidelines of Venezuela crisis

OPEC: Iran-Iraq alliance weakens Saudis

Turkey to halt oil import data breakdown: official

Billions and Billions of Planets

ALMA Shows How Young Star and Planets Grow Simultaneously

ALMA Sheds Light on Planet-Forming Gas Streams

A stray planet

General Dynamics Awarded $4.6 Billion for Submarine Programs

First Borey Class Nuclear Sub to Join Russian Navy on Sunday

India Receives Second Russia-Built Stealth Missile Frigate

Iran navy launches 6-day massive exercises

Ancient Water-rich Meteorite Linked to Martian Crust

Stanford researchers develop acrobatic space rovers to explore moons and asteroids

Researchers Identify Water Rich Meteorite Linked To Mars Crust

Mars meteorite has significant water

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement