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Article: British Nuclear Fuels announces plans to sell U.S. subsidiary
- Article from:
- AP Worldstream
- Article date:
- July 1, 2005
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AP Worldstream
07-01-2005
Dateline: LONDON
State-owned energy company British Nuclear Fuels PLC said Friday it planned to sell off a U.S.-based subsidiary in an effort to raise around 1 billion pounds (US$1.8 billion; euro1.5 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 ...