TOKYO (AFX) - Mitsubishi Heavy Industries Ltd, Toshiba Corp and General Electric Co will participate in the second round of bidding to acquire major nuclear reactor builder Westinghouse Electric Co, the Nihon Keizai Shimbun reported without citing sources.
Westinghouse's purchase price is estimated at 200-300 bln yen, the business daily said.
It said Westinghouse's parent British Nuclear Fuels Plc will stop accepting bids as early as today and will announce the winning bidder in January.
The three firms and US engineering company Shaw Group were said to have cleared the first round of bidding conducted in September and are now evaluating Westinghouse's assets.
Mitsubishi Heavy will team up with Mitsubishi Corp to make its offer.