Hitachi to suspend UK nuclear power ops, post £1.6 billion special loss – Nikkei

UK

FILE PHOTO: A logo of Hitachi Ltd. is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai/File Photo

TOKYO (Reuters) – Hitachi Ltd (6501.T) has decided to suspend its 3 trillion yen (21.9 billion pounds) nuclear project in Britain and to post a special loss of about $2 billion (1.6 billion pounds) for the year ending March, the Nikkei business daily reported on Friday.

Hitachi is set to vote on the planned suspension at its board meeting next week, the Nikkei said without citing sources.

The loss is expected to be 200 billion to 300 billion yen, it said.

Hitachi representatives could not be immediately reached for comment.

Reporting by Makiko Yamazaki; editing by Richard Pullin

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