Hitachi pays 696 million pounds for nuclear venture Horizon
BERLIN (Reuters) - Hitachi Ltd (6501.T), Japan's largest industrial electronics maker, is paying 696 million pounds ($1.12 billion) for British nuclear project Horizon, one of the sellers said.
Germany's RWE (RWEG.DE), which owns half of Horizon, said it now has no further national or international new-build projects under way in the nuclear energy sector.
E.ON (EONGn.DE), the German utility that owns the other half of Horizon, said in a separate statement it expects the deal announced earlier on Tuesday to close before the end of November.
($1 = 0.6241 British pounds)
(Reporting by Maria Sheahan)
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.