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...China’s state-owned giants, China National Nuclear Corporation and China General Nuclear Power Group, are also expanding rapidly....
...CVC, KKR and Brookfield, which acquired Westinghouse from Toshiba in 2018 after the US nuclear business filed for bankruptcy protection, declined to comment....
...A blank cheque company called Horizon Acquisition Corporation II backed by Boehly’s holding company Eldridge Industries announced a merger with private jet operator Flexjet at a $3.1bn enterprise valuation...
...Electric Corporation and its industrial research lab] that was a wonderful thing to invent....
...That followed a protracted battle between potential bidders and an unsuccessful attempt by the Japanese government to assemble domestic corporations into an “all-Japan” consortium....
...“In form, Partners is a corporation,” explains a two-page memo sent in the mid-1990s to a handful of Peter Bronfman’s employees, and seen by the FT....
...And finally: The rivalry that pitted Thomas Edison against George Westinghouse and his ally Nikolai Tesla was one of the most dramatic in the history of business, and one of the most momentous for our world...
...The power purchase agreement was signed with the Municipal Electric Authority of Georgia, a state not-for-profit corporation that owns 22.7 per cent of the Vogtle plant....
...The company wants to follow-up Hinkley with another UK EPR at Sizewell in eastern England and it struck a tentative deal in March with Nuclear Power Corporation of India, the state-owned energy company,...
...Investors signalled their support for the decision by lifting shares in Scana Corporation by 5 per cent on Monday in New York....
...Toshiba has argued that the San Francisco court has no jurisdiction over the sale of a Japanese corporation to another Japanese corporation in Japan....
...Buying the nuclear business, which was spawned by the venerable US corporation of the same name, had been a token of Toshiba’s ambition....
...Such demand has also buoyed Toshiba Memory Corporation, the world’s second-biggest producer of Nand flash memory chips and Toshiba’s most valuable division....
...Toshiba argues that the San Francisco court has no jurisdiction over the sale of a Japanese corporation to another Japanese corporation in Japan....
...Toshiba has been under pressure from its main banking lenders to fill a $4.5bn hole in its shareholder equity — resulting from writedowns on its now-bankrupt Westinghouse US nuclear subsidiary — by the end...
...The decision by utilities Santee Cooper and Scana Corporation dealt another blow to Westinghouse, the US nuclear subsidiary of Japan’s Toshiba, five months after it filed for Chapter 11 bankruptcy protection...
...From a national security perspective, industry experts regard Korea Electric Power Corporation as the main potential acquirer of Westinghouse, because possible suitors from China and Russia risk being blocked...
...State-controlled Korea Electric Power Corporation is seen by some industry experts as the only potential acquirer of Westinghouse that would be acceptable to the US from a national security perspective....
...The sector needs to be consolidated around a single Japanese nuclear corporation that takes in all the main strands of the existing businesses including Toshiba....
...Toshiba desperately needs cash to shore up its balance sheet after heavy losses from its Westinghouse nuclear business in the US....
...Toshiba needs the proceeds of the chip sale to plug a $4.5bn hole in its shareholder equity created by writedowns arising from its Westinghouse subsidiary — a nuclear acquisition made a decade ago which...
...The prized chip operation is up for sale because of huge losses at Toshiba’s Westinghouse nuclear division....
...The preferred consortium – which includes the Innovation Network Corporation of Japan fund, private equity group Bain Capital and the Development Bank of Japan – had competed against rival offers topping...
...A little more than a decade later, another Korean company — state-controlled Korea Electric Power Corporation — has emerged as a possible buyer for Westinghouse, which is reeling from large cost overruns...
...FT Scoop: Trump open to Westinghouse rescue The White House is so determined to keep China’s hands off US nuclear assets that its prepared to provide state aid to support Westinghouse to make sure that...
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