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Companies

Hitachi seeks assurance from UK's May on shared stake in nuclear project

Japanese conglomerate will quit project if it cannot slash its exposure

Hitachi CEO Toshiaki Higashihara announces the company's medium-term business plan on April 27. (Photo by Keiichiro Sato)

TOKYO -- Hitachi will ask the U.K. government to take a direct stake in the company that is to build and operate a nuclear power plant in Wales which is now 100% owned by the Japanese industrial company. Hitachi expects the U.K. government will invite private British companies to participate and hopes to reduce its own stake to less than 50%.

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