Citibank Buys $2.17 Billion Toshiba Settlement From Owners of South Carolina Nuclear Plant - News Summed Up

Citibank Buys $2.17 Billion Toshiba Settlement From Owners of South Carolina Nuclear Plant


The owners of an unfinished nuclear power plant in South Carolina have agreed to sell at a discount their shares of a $2.17 billion settlement with Toshiba Corp., which agreed to cover costs for the project which was canceled over the summer. Utility holding company Scana Corp. and state-owned utility Santee Cooper said Wednesday they have sold the bulk of their financial interests in the settlement to Citibank N.A. for $1.847...


Source: Wall Street Journal September 27, 2017 21:22 UTC



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