dec 6, 2017 - S. Korea’s KEPCO named preferred bidder for Toshiba’s UK nuclear unit
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On December 6 2017, Korea Electric Power Corp has been selected as preferred bidder for the Toshiba subsidiary that’s planning to build a nuclear power station in the UK.
The South Korean utility beat off competition from CGN of China to enter exclusive negotiations with Toshiba to buy the NuGen unit behind the Moorside nuclear project in Cumbria, north-west England.
Kepco confirmed its preferred bidder status on Wednesday and people involved in the process said the two sides were aiming to reach a deal early next year.
Toshiba put NuGen up for sale as part of its wider restructuring in the wake of a financial crisis triggered by losses in its US nuclear business, Westinghouse
https://www.ft.com/content/9cda5b7c-6b91-3218-b058-48f964635f64
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