Toshiba forced to buy out Engie's shares in NuGen

摘要

Engie has transferred its 40% stake in the NuGen project to Toshiba. Following the bankruptcy of the Japanese firm's US Westinghouse nuclear power plant business, Toshiba will pay £112 million for Engie's share in NuGen. Toshiba is now the sole owner of NuGen, but is looking for more investors to join the new nuclear project at Moorside in West Cumbria.