Westinghouse to buy 50 per cent stake in NuGen

Westinghouse, the Japanese-owned engineering group, will announce within days that it is buying a big stake in one of the UK’s three nuclear-building consortiums .

Westinghouse, which is owned by Toshiba, is expected to announce it is acquiring a 50 per cent share in NuGen, which owns the right to build a nuclear plant near Sellafield in Cumbria.

You can read the FT story here.