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Hitachi, Toshiba, Mitsubishi Heavy Industries in talks to merge nuclear fuel businesses

( September 29, 2016, 02:55 GMT | Insight) -- Hitachi, Toshiba, and Mitsubishi Heavy Industries are in talks to merge their nuclear fuel businesses in response to declining sales as Japan's utilities are slow to restart their reactors shut down after the Fukushima disaster, the Nikkei newspaper reports. Hitachi, Toshiba, and Mitsubishi Heavy Industries are in talks to merge their nuclear fuel businesses in response to declining sales as Japan's utilities are slow to restart their reactors shut down after the Fukushima disaster, the Nikkei newspaper reports. Under the plan, the three companies may establish a joint venture holding company to acquire their fuel companies — Global Nuclear Fuel, Nuclear Fuel Industries, and Mitsubishi Nuclear Fuel. Toshiba and Mitsubishi Heavy today released separate statements, saying that no decision has been made at this time. ...

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