Tuesday 19 June 2012 9:22 pm

China is set to fund UK nuclear

CHINA may soon have a major stake in one of the UK’s biggest nuclear projects after two Chinese state firms teamed up with Western players to bid for the £15bn Horizon joint venture. Areva and Westinghouse are believed to have picked separate Chinese nuclear firms to help fund bids for Horizon, which was put on the market by RWE and E.ON in March. Nomura, acting for the sellers, received several bids by the 15 June deadline.