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Article: United States: Energy private equity firm First Reserve establishes nuclear fuel supply company Accord.
- Article from:
- TendersInfo
- Article date:
- August 28, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. 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)
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Byline: kavita03
Energy-focused private equity firm First Reserve Corporation has partnered with nuclear industry veterans Charles Scorer and David Sloan to form integrated nuclear fuel supply company Accord Nuclear Resources. Accord will acquire and integrate businesses that operate in the commercial nuclear power generation sector, with a focus on uranium mining and production and related infrastructure operations and services.
First Reserve is providing significant capital support for the newly formed company, according to a statement. The size of the deal has not been disclosed, but is believed to be some hundreds of millions of dollars, according ...