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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Areva, Mitsubishi Heavy to tie-up in nuclear fuel: report AFP - Sunday, December 21 TOKYO (AFP) - - Japan's Mitsubishi Heavy Industries and major French nuclear energy company Areva will form a capital tie-up in nuclear fuel production, according to a report. Areva will buy a roughly 30 percent stake in Mitsubishi Nuclear Fuel Co. and Mitsubishi Heavy will become the nuclear company's leading shareholder, the business daily Nikkei reported, without citing sources. Areva's new investment will expand its existing ties with Mitsubishi Heavy to building nuclear plants and supplying fuel to them, it said. Areva's stake will fall short of the 33.4 percent needed to veto decisions at general meetings, the report said. The supply of nuclear fuel is expected to tighten as construction projects of nuclear plants are on the rise in the world. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Indonesia fin min sees slower '09 GDP, inflationReuters - 52 minutes ago Boom in music video games helps original artistsAP - 2 hours 5 minutes ago Music sales rise in harmony with game appearancesAP - 2 hours 5 minutes ago Japan's Kaneka plans $1.1 bln solar capex - NikkeiReuters - 2 hours 14 minutes ago Mitsubishi Heavy, Areva in nuclear fuel venture-paperReuters - 2 hours 17 minutes ago Enlarge Photo Areva, Mitsubishi Heavy to tie-up in nuclear fuel: report Related Photos Slideshow Full Photo Coverage: Business & Economy Most Popular – Business Viewed Global economy seen sinking into 'severe' 2009 recession: report Actress Jennifer Aniston appears naked in GQ magazine Oil prices mixed; New York contract expires below 34 dollars German Christmas cake theft sparks data scare Deep Throat, Watergate's secret informant, dies at 95 View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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