Sumitomo says considering stake in Westinghouse

Mon Jan 29, 2007 7:34pm EST
 
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TOKYO, Jan 30 (Reuters) - Japanese trading house Sumitomo Corp. (8053.T) said on Tuesday it is considering taking a stake in Westinghouse Electric, a U.S. nuclear power company owned 77 percent by Toshiba Corp. (6502.T)

A Sumitomo spokesman said nothing concrete had been decided.

The Nikkei business daily reported earlier that Sumitomo was in talks with Toshiba to buy a 5 percent stake in Westinghouse.

 

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