Announced
Completed
Financials
Sources
Tags
Friendly
Offshore Drilling and Other Services
Minority
Energy / Utility Services
nuclear technology
United States
Completed
Cross Border
Single Bidder
Private
Acquisition
Synopsis
Japan Bank for International Cooperation, a financial institution, completed the acquisition of minority interest in NuScale Power, a provider of nuclear technology from Fluor, a provider of engeenering and construction services for $100m. “This strategic investment by JBIC, together with previous Japanese investments by JGC and IHI, further validates the successful 11-year, $1.3bn private-public partnership of Fluor, NuScale and the US Department of Energy. The newly-formed Japanese private-public partnership, along with other strategic investors, provides a strong financial and execution-ready platform for the widespread deployment of safe, affordable, carbon-free energy solutions," David Constable, Fluor CEO.
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