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Business

Mitsubishi Heavy asked to invest in Areva's reactor unit

PARIS -- Mitsubishi Heavy Industries could take a minority stake in the reactor-manufacturing subsidiary of struggling French nuclear giant Areva.

     Areva and French power utility EDF have asked Mitsubishi Heavy to invest in reactor builder Areva NP, according to sources close to the matter. EDF and the Japanese company will likely start negotiations soon. Mitsubishi Heavy is expected to take a cautious approach to the offer, partly given Areva's dismal business performance.

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