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Iberdrola in talks on exiting UK's Nugen nuclear consortium

Reuters - UK Focus

MADRID/PARIS, Sept 20 (Reuters) - Spanish utility Iberdrola (Madrid: IBE.MC - news) is in talks to sell its 50 percent stake in British nuclear consortium NuGen, which it jointly owns with French GDF Suez, to a nuclear plant builder, a source with knowledge of the talks told Reuters.

An announcement could be made as early as next week, the source added.

A further, industrial, source told Reuters that NuGen will invite a nuclear plant builder, probably Toshiba-owned Westinghouse, to take a stake in NuGen before the end of this year.