Japan's Mitsubishi acquires 5% stake in French nuclear power firm Orano for $306m

Japan's Mitsubishi acquires 5% stake in French nuclear power firm Orano for $306m

Visual from Orano's website

Tokyo-headquartered Mitsubishi Heavy Industries (MHI) has completed its acquisition of a 5 per cent interest in Orano, a French multinational group specialising in nuclear power and renewable energy, for €250 million ($306 million).

In a statement on Wednesday, MHI said the completion of the investment, which was agreed upon in March 2017, would enhance technological and business cooperation between the two companies and strengthen global value chain for nuclear energy.

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