Bovis Lend Lease has pulled out of a possible nuclear deal with EDF energy at the eleventh hour after parent company Lend Lease objected to ‘unethical’ work.
Building reported that the Australian Lend Lease board told Bovis to pull out shortly before the deal was to be signed because it does not want to be involved in the sector for ethical reasons. The Australian government has already decided not to pursue nuclear new build.
The decision, which Building understands was taken within the past few months, will rule Lend Lease out of a market that is expected to be worth up to £40bn in the UK alone.
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