Kazakhstan’s national uranium company Kazatomprom has been linked to a 10% stake in the US-based nuclear plant designer Westinhouse. It would buy the share from Toshiba, who in turn bought Westinghouse from Britains’ BNFL in 2006 for $5.4 billion.
It looks as though the Kazakhs would like to have a profitable share of a high-tech reactor company that they could use in their future nuclear power plan – in return Toshiba can wipe out some of their debt and Westinghouse have a solid source of uranium for the new plants they build. Everyone’s a winner!
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