Toshiba floats sale of British nuclear power plant to capital fund

Canadian capital fund Brookfield is in negotiations with Japan's Toshiba to take over British nuclear power plant NuGen, reports Financial Times.

Photo: /ritzau/AP/Koji Sasahara

Financial Times reports that Japanese energy giant Toshiba has entered negotiations with Canadian capital fund Brookfield for the sale of British power plant NuGen.

For a long period, Toshiba has attempted to sell the plant as part of a comprehensive restructuring and has long negotiated with South Korean state-owned utility Korean Electric Power Corp, Kepco, which was exclusive until mid July. These negotiations have ended without result.

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