Toshiba expected to shed voting rights in GNF

8 November 2006

Following its majority acquisition of nuclear fuel manufacturers Westinghouse, Toshiba is expected to relinquish voting rights in its Global Nuclear Fuel (GNF) joint venture with GE and Hitachi in order to resolve potential conflicts of interest.

Toshiba holds nearly 25% of voting rights on the GNF board, but like Westinghouse the company also produces fuel for BWR plants, creating a potential commercial confidentiality conflict. The company is apparently reluctant to divest its 22% equity stake in GNF.

Related Articles
Concrete composition delays Finland's Olkiluoto 3

Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.