Friday, October 26, 2012

EON, RWE Said to Sell Nuclear Site to SNC-Lavilin's consortium partner, Hitachi

Bloomberg is reporting the buyer of the Horizon site for a potential nuclear reactor in the UK will be Hitachi, while the Financial Times is reporting they are the front-runner with an announcement pending next week.
The FT report repeats news from earlier last month that Hitachi "is in a consortium with SNC-Lavalin, Canada’s largest engineering group."   Earlier this year SNC-Lavalin's CANDU's were promoted as a solution for disposing plutonium, along with the GE-Hitachi PRISM.  Since that time GE has not sounded interested in pursuing it's nuclear business.

EON, RWE Said to Sell Nuclear JV for About $967 Million - Bloomberg:
EON AG (EOAN) and RWE AG (RWE), Germany’s two largest utilities, are set to sell their U.K. venture Horizon Nuclear Power to Japan’s Hitachi Ltd. (6501) for about 600 million pounds ($967 million), people familiar with the matter said.
The sale for the venture with government backing to build plants in Wales and western England may be signed in the next few days, according to two people, who asked not to be identified because the negotiations are private. An announcement may come on Oct. 30, one of the people said.
Continue Reading at Bloomberg

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