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Europe Daily Bulletin No. 9269

21 September 2006
Contents Publication in full By article 24 / 36
GENERAL NEWS / (eu) eu/competition
Authorisation of Toshiba's acquisition of Westinghouse cleared subject to conditions

Brussels, 20/09/2006 (Agence Europe) - The European Commission has cleared the proposed acquisition by the Japanese conglomerate Toshiba of Westinghouse Electric/BNFL, both active in the nuclear sector. To allay Commission concerns, Toshiba has made a commitment to modify its contractual arrangements with its partners in Global Nuclear Fuels. Toshiba holds a minority share in the nuclear fuel assembly supplier Global Nuclear Fuels (“GNF”), controlled by the US company General Electric...

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