Posted on 07/08/2007 6:59:40 AM PDT by DeaconBenjamin2
TOKYO — Toshiba Corp is arranging to sell a 10 percent portion of its 77% equity stake in Westinghouse Electric Co of the United States to Kazatomprom, a nuclear power business firm run by the Kazakhstan government, sources close to the matter said Saturday.
The move is in line with the Japanese government's policy of enhancing cooperation with Kazakhstan — the country with the world's second-biggest uranium reserves — in the field of nuclear power generation amid intensifying global competition for acquiring the nuclear fuel, the sources said. Last year, Toshiba purchased the major U.S. energy company for $5.4 billion to try to bolster its nuclear power business.
The Russians?
Is nice.
Do you believe the Kazakhs have any technology, intelligence, etc., that the Russians can’t obtain?
Breaking News: Kazakh govt. considering Borat for CEO’s post.
I think that the reason for the transaction is to gain uranium, not surrender technology.
The Kazakh government is, essentially, an extension of the Russian government.
I like.
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