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2 Japanese companies aim to fund 30% of Turkish nuclear project

TOKYO -- Mitsubishi Heavy Industries and trading house Itochu are working on a deal to take a combined stake of 30% in a nuclear plant project in Turkey, seeking opportunities abroad amid a dearth of new business at home.

     In the 2 trillion yen ($15.8 billion) project, the Japanese duo and French power utility GDF Suez are expected to hold a combined interest of 51% in a joint venture that will build and operate a nuclear plant in the Black Sea city of Sinop.

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