KEPCO Engineering & Construction Company, Inc. (KOSE:A052690) agreed to acquire NuGeneration Limited from Toshiba Corporation (TSE:6502) on December 7, 2017. KEPCO was selected as the preferred bidder to acquire shares in NuGeneration. The acquisition will be subject to a number of factors, including satisfactory completion of negotiation with Toshiba, favorable outcome for a preliminary feasibility study to be conducted by the Korean government, and the approval by the United Kingdom Government of the transaction.

KEPCO Engineering & Construction Company, Inc. (KOSE:A052690) cancelled the acquisition of NuGeneration Limited from Toshiba Corporation (TSE:6502) on July 25, 2018. Toshiba had made the decision in order to have opportunities to negotiate with Kepco as well as other companies due to excessive operating expenses created by the delay in selling its stake in NuGen.