Mitsubishi Heavy to Invest in Areva Spinoff (News)

Economy

Tokyo, Feb. 3 (Jiji Press)—Mitsubishi Heavy Industries said Friday that it has reached basic agreement to invest in a nuclear fuel spinoff from France's Areva.

The Japanese company and Japan Nuclear Fuel, which is owned by Japanese power suppliers, will spend some 500 million euros together for a 10% stake in NewCo.

[Copyright The Jiji Press, Ltd.]

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