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Latest Company news Update

Toshiba settles guarantee obligation to VC Summer
15 January, 2018
Japan’s Toshiba on 12 January completed the early payment of $1.86bn –...
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Dominion and Scana plan merger
Monday, January 08, 2018 US utilities Dominion Energy and Scana Corporation have agreed to combine in a stock-for-stock merger.

Areva NP becomes Framatome and Atmea is reorganised
Monday, January 08, 2018 French company New NP, the subsidiary of the Areva NP subsidiary responsible for the Areva Group's nuclear reactor operations, has been renamed Framatome following its sale to...

Canada’s Brookfield to buy Westinghouse
Monday, January 08, 2018 Canadian investment fund Brookfield (Brookfield Business Partners with institutional partners) said on 4 January that it is to acquire 100% of Westinghouse Electric Company from...

Russia signs more nuclear cooperation agreements
Thursday, January 04, 2018 December saw Russia sign various nuclear agreements with Uzbekistan, Brazil and Sudan as well as strengthening is co-operation with the Philippines.

India’s Auditor criticises Kudankulam
Tuesday, January 02, 2018 Comptroller and Auditor General of India (CAG) said on 27 December that it had identified some "deficiencies" in the project to construct and commission units 1 and 2 of the...

Areva and EDF complete sale of New NP
Tuesday, January 02, 2018 Electricite de France (EDF) has bought Areva NP's nuclear reactor operations (New NP) division from Areva SA, following the signature of definitive binding agreements on 22nd December.

France considering EDF restructuring
Monday, November 27, 2017 France’s finance ministry is studying several scenarios for restructuring Electricite de France (EDF), including spinning off its nuclear power generation activities into a...

US companies consider Westinghouse buy-out
Tuesday, October 03, 2017 Private equity companies Blackstone Group and Apollo Global Management have formed a consortium to buy out US-based Westinghouse Electric Co from a Japanese Toshiba corporation,...

NDA formally terminates CFP Magnox contract
Monday, October 02, 2017 The UK Nuclear Decommissioning Authority (NDA) announced on 29 September that it has now given notice of termination to Cavendish Fluor Partnership (CFP) for its management...

Uniper rejects Fortum takeover bid
Tuesday, September 26, 2017 Uniper SE, the subsidiary of the German company E.ON, on 22 September rejected a takeover offer of €3.76bn ($4.51bn) from Finnish energy group Fortum, which it said was unsolicited...

TVO launches appeal for Areva restructuring
Thursday, September 14, 2017 Finnish power utility Teollisuuden Voima Oyj (TVO) said on 13 September that it had filed an appeal with the European Commission over France’s restructuring of its nuclear...

Areva NP to distribute Tranter heat exchangers
Thursday, September 14, 2017 Areva NP announced on 12 September that it had signed an agreement with Tranter Inc to be its primary distributor to the nuclear market for shell and plate heat exchangers. Areva...

Profit increase for Russia’s Atomenergoprom
Tuesday, September 12, 2017 Atomenergoprom, the holding company of Russian state nuclear corporation Rosatom, on 7 September reported consolidated net profit for the first half of 2017 of RUB40.7bn ($700m), up...

Russia considers 3D printing for fuel assemblies
Monday, August 28, 2017 Russia’s AA Bochvar Research Institute of Inorganic Materials (VNIINM), part state nuclear corporation Rosatom’s fuel company Tvel, has established a working group to develop a...

Amec wins two UK waste contracts
Monday, August 28, 2017 UK-based engineering consultancy Amec Foster Wheeler has been awarded two framework contracts worth a combined GBP4m ($5.1m) by LLW Repository Ltd (LLWR). Amec Foster Wheeler will...

Hinkley contract for Balfour Beatty
Saturday, August 26, 2017 International infrastructure group Balfour Beatty has been selected by EDF Energy as preferred bidder for the UK Hinkley Point C NPP tunnelling and marine works package. The four...

US DOE support for Holtec’s SMR
Saturday, August 26, 2017 US-based Holtec International's SMR LLC subsidiary is to receive support from the US Department of Energy's Gateway for Accelerated Innovation in Nuclear (GAIN) initiative for...

Toshiba meets deadline for reporting financial results
Tuesday, August 22, 2017 Toshiba Corp reported its earnings results on 10 August, meeting the deadline set after its auditor, Auditor PricewaterhouseCoopers Aarata gave a "qualified opinion" on the...

Carr’s Group acquires NuVision Engineering
Sunday, August 20, 2017 Agriculture and Engineering group Carr’s Group on 16 August announced that it had acquired 100% of ESI Holding Company - the holding company of engineering company NuVision Engineering,...

Russia’s SCC in profit
Sunday, August 20, 2017 The revenue of Russia’s Siberian Chemical Company (SCC) in 2016 amounted to RUB14.9n (253m) up from RUB14.2bn in 2015. Net profit was more than RUB1.8bn, RUB1.1bn more than in 2015....

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