Toshiba said close to ~$5B deal to build nuclear reactor in Bulgaria

Toshiba's (TOSBF) U.S. subsidiary Westinghouse Electric reportedly is near a deal to construct a nuclear reactor for a state-run utility in Bulgaria, with an agreement possibly being reached later this week.

The price tag for the reactor with an output of 1M-1.2M KW is estimated at ~500B yen ($4.87B), and Westinghouse also may gain a stake in a nuclear power subsidiary of the Bulgarian company.

The project would mark the first such order for a Japanese enterprise in eastern Europe, as firms seek new opportunities abroad amid decreased domestic demand since the March 2011 earthquake and tsunami.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs