Posted AT 2:00 AM EST on 21/09/07
GE eyes stake in nuclear venture
General Electric Co. chairman Jeffrey Immelt says his company is eager to gain an ownership stake in
Atomic Energy of Canada Ltd., and warns there is little future for stand-alone vendors of nuclear reactors.
In an interview after delivering a speech to the Calgary Chamber of Commerce, Mr. Immelt said the global nuclear industry is rapidly consolidating. His own company merged its reactor business with that of Japan's Hitachi Ltd. earlier this year.
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