Iberdrola sells stake in nuclear power consortium for $139mn

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Iberdrola agreed to sell a 50 percent stake in nuclear consortium NuGen to Toshiba for 102 million euros ($139 million), according to Reuters.

NuGen is a joint venture between Iberdrola and GDF Suez that owns a site at Sellafield in England where it plans to build 3.6 GW of nuclear capacity, the article said. Iberdrola has been selling assets to reportedly reduce debt.

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