Published by
Reuters UK
Reuters UK
(Reuters) – Rolls-Royce said on Monday Qatar’s sovereign wealth fund would invest 85 million pounds ($112.12 million) in the British company’s new low-carbon nuclear power business in exchange for a 10% equity stake. The London-listed firm has agreed with the Qatar Investment Authority for the funding in its Small Modular Reactors business, which Rolls-Royce said was now fully funded having secured 490 million pounds through commercial equities and grants. “This investment is a clear vote of confidence in the UK’s global leadership in nuclear innovation,” British Business Secretary Kwasi Kwart…