Finnish retailer Kesko Oyj is allowed to walk away from the Fennovoima nuclear project, an arbitration court ruled on Tuesday. Kesko, which owned about 2 percent of Fennovoima at the time, said in 2014 it wanted out of the project, but Fennovoima’s Finnish owners said Kesko had committed to further financing for the 6-7 billion euro ($6.4-7.4 billion) plant. Finland’s court of arbitration dismissed that claim on Tuesday. The project has seen several of its original investors opt out, including Germany’s E.ON. Russian state-owned nuclear company Rosatom agreed in 2013 to take a large stake in the project, and to supply the reactor.
Reuters 10th Jan 2017 read more »