Then there were four

10 November 2005

There are now four contenders on the shortlist to buy Westinghouse from BNFL. They are understood to be: General Electric in partnership with Cerberus Global Investments; Shaw Group in partnership with Doosan of South Korea; Mitsubishi Heavy Industries; and Toshiba.

Another development is that the BNFL shareholding in the Pebble Bed Modular Reactor project, under development in South Africa, has been transferred to Westinghouse and will be included in the sale. According to Jaco Kriek, CEO of Pretoria based PBMR (Pty) Ltd, all the companies on the shortlist are “positive about the PBMR.”

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