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Politics

Japan in talks over bid for UK uranium powerhouse

Multibillion-dollar deal would keep China and Russia from gaining control of Urenco

Kansai Electric's Oi nuclear power plant in Fukui Prefecture. Japan looks to have atomic energy supply a fifth of the nation's power by fiscal 2030.

TOKYO -- The Japanese government has entered into negotiations to acquire U.K.-based Urenco, a major European producer of enriched uranium, in a deal that is expected to be worth several billions of dollars.

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