China Nuclear Company in Talks to Bid for Horizon, Express Says
State Nuclear Power Technology Corp, a nuclear company backed by the Chinese government, is in talks to fund a bid for Horizon Nuclear Power, the venture set up by German power makers RWE AG (RWE) and EON AG to build nuclear reactors in the U.K., the Sunday Express said, citing unidentified sources at Whitehall.
The Chinese company is in talks to join forces with Japan’s Toshiba Corp (6502), the owner of nuclear maker Westinghouse, for the bid, which would exceed $10 billion, according to the newspaper. Russian company Rosatom Corp also expressed an interest in Horizon, the newspaper said.
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