Mitsubishi Heavy : Areva, EDF seek investment from Mitsubishi Heavy - Nikkei
September 21, 2015 at 10:10 pm
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TOKYO (Reuters) - French nuclear giant Areva and power utility EDF have asked Japan's Mitsubishi Heavy Industries to invest in Areva's reactor subsidiary, the Nikkei business daily reported on Tuesday.
EDF agreed in July to buy between 51 percent and 75 percent of Areva's reactor arm Areva NP, a deal seen crucial for France which generates three quarters of its electricity from nuclear plants. EDF said it will look for partners to take a minority stake.
The Nikkei, citing sources close to the matter, said EDF and Mitsubishi Heavy were likely to start negotiations soon.
Officials at Mitsubishi Heavy and Areva were not immediately available for comment.
(Reporting by Ritsuko Ando; Editing by Biju Dwarakanath)
Mitsubishi Heavy Industries, Ltd. is a diversified group organized around 4 business segments:
- manufacturing of systems and components for energy production units (42.6% of net sales): offshore wind turbines, pumps, turbochargers, reactors, compressors, aero-engines, gas turbines, nuclear power generators, etc.;
- shipbuilding and industrial construction (41.1%): construction of ships, land transport systems, machinery and industrial installations, environmental systems (industrial wastewater treatment systems, air pollution control units, marine pollution prevention systems, waste incinerators, etc.), handling equipment, machine tools, air conditioning and refrigeration systems, toll systems, etc.;
- construction of avionics, defence and aerospace systems (15.7%);
- other (0.3%).
Net sales are distributed geographically as follows: Japan (48.9%), Asia (17.4%), the United States (14.8%), Europe (9.4%), Middle East (2.9%), Central and South America (2.8%), Africa (1.3%) and other (2.5%).