Tuesday, November 14, 2006

G.E. & Hitachi Will Merge Nuclear Divisions

The two companies will merge to compete with Westinghouse (owned by Toshiba & Areva) to build the new but yet built economic simplified boiling water reactor and advanced boiling water reactor.

Hitachi will take a 40% ownership share of G.E. and Hitachi will take a 20% share of Hitachi's nuclear business. (NYT)

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