Made in Japan: The British nuclear exit – Hitachi abandons all nuclear projects

By |2019-05-08T19:54:27+01:00Thursday, 17 January 2019|Categories: nuclear industry, United Kingdom|Tags: , , , , , |0 Comments

1. Hitachi´s exitJapanese industrial conglomerate Hitachi (6501:JP; $30bn market cap) abruptly stops its nuclear power projects in the U.K. They announced to book a loss of $2.8bn (300bn Yen) to write down its British nuclear business. Hitachi also said they will shift away from the reactor sales business worldwide. After the $6.4bn acquisition of ABB´s power grid division in last December, the risks to its balance sheet apparently were judged too high. Financial investors welcomed the step. Hitachi