Areva, EDF seek investment from Mitsubishi Heavy: Nikkei

September 22, 2015 2:09 AM

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Areva, EDF seek investment from Mitsubishi Heavy: Nikkei

TOKYO French nuclear giant Areva (AREVA.PA) and power utility EDF (EDF.PA) have asked Japan's Mitsubishi Heavy Industries (7011.T) to invest in Areva's reactor subsidiary, the Nikkei business daily reported on Tuesday.

EDF agreed in July to buy between 51 percent and 75 percent of Areva's reactor arm Areva NP, a deal seen crucial for France which generates three quarters of its electricity from nuclear plants. EDF said it will look for partners to take a minority stake.

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