|
|
Article: BRITISH NUCLEAR FUELS TO SELL WESTINGHOUSE.
- Article from:
- Europe Energy
- Article date:
- July 8, 2005
CopyrightCOPYRIGHT 2005 Europolitics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
British Nuclear Fuels said July 1 it planned to sell off a U.S.-based subsidiary in an effort to raise around 1 billion pounds (euro 1.5 billion) for British taxpayers. Chief executive Mike Parker said the company already had received several expressions of interest in the sale of Pittsburgh-based nuclear power station construction business Westinghouse Electric Co. "Westinghouse is a very successful operation in its own right," Parker said. "It has reached all its targets, continues to win new business and is in an excellent position to capitalize on the China new build program." British Nuclear Fuels acquired the ...