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Toshiba is looking to restructure amid massive losses in its nuclear business in the U.S.
Business

Toshiba mulls selling stake in UK nuclear project

Potential deal with South Korea's Kepco intended to limit risk exposure

| South Korea

TOKYO -- Toshiba is considering selling an interest in a U.K. nuclear venture to Korea Electric Power Corp., aiming to reduce its involvement in the riskier side of the atomic power business in the wake of massive losses linked to U.S. projects.

The Japanese conglomerate controls 60% of NuGeneration, a joint venture planning to build a nuclear plant in northwestern England. Toshiba has sought to unload part of this stake for some time.

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