Toshiba in talks with Brookfield for U.K. nuke unit sale: Reuters
Toshiba Corp is in talks with Canada’s Brookfield Asset Management for the potential sale of its U.K. nuclear unit NuGen, a source told Reuters. Brookfield has emerged as one of several new candidates since Korea Electric Power Corp lost its preferred bidder status in July, the source said. The NuGen project in Moorside, northwest England, was expected to provide around 7 percent of Britain’s electricity, but faced setbacks after Toshiba’s nuclear arm Westinghouse Electric Co LLC went bankrupt last year. Brookfield's private equity group acquired Westinghouse earlier in 2018 for US$4.6 billion.
18 September 2018•1 min read
