Monday, 22 August 2005

Doosan Heavy May Bid on Westinghouse

South Korea's Doosan Heavy Industries is considering bidding in a consortium to buy U.S. nuclear power plant builder Westinghouse Electric Co. from British nuclear energy company BNFL.

South Korea's largest manufacturer of power generation equipment would be able to reduce costs and acquire nuclear technology and know-how from the U.S. firm if a bid was successful, analysts said.

Westinghouse provides nuclear fuel services, technology, plant design and equipment for nuclear power producers.
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