EC investigate nuclear venture

The European Commission has begun a four-month investigation into a proposed nuclear power joint venture between Germany’s Siemens and state-controlled Framatome of France. A preliminary inquiry concluded that the deal to create a nuclear technology company worth $2.8bn raises serious competition issues.

The European Commission has begun a four-month investigation into a proposed nuclear power joint venture between Germany’s Siemens and state-controlled Framatome of France. A preliminary inquiry concluded that the deal to create a nuclear technology company worth $2.8bn raises serious competition issues.