EXLON EXITS

BY RICHARD HURST
FOLLOWING the decision by US based energy group Exlon to abandon South Africa's nuclear pebble bed modular reactor project, its remaining shareholders are reported to be seeking new partners. Exlon had a 12.5 per cent interest in the initiative. Officials at Eskom Enterprises, which holds 30 per cent, and the Industrial Development Corporation (IDC), which holds 25 per cent, have now indicated to the South African press that they would like to involve one or more foreign shareholders before proceeding with commercialisation of the venture. ...


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