Brussels, 30/10/2007 (Agence Europe) - On 30 October 2007, the European Commission cleared the creation of a joint venture between the French company AREVA NP and Mitsubishi Heavy Industries (MHI) of Japan, both active in the nuclear industry. The joint venture will be active in the design and manufacture of 'nuclear islands', the steam generation units of nuclear power plants.
AREVA NP is itself a joint venture co-owned and co-controlled by AREVA (66%) and Siemens (34%). MHI is active in...