Toshiba says to buy Engie's 40 stake in NuGen for 111 million pounds

TOKYO (Reuters) - Japan's Toshiba Corp said on Tuesday it will buy Engie's 40 percent stake in their British nuclear joint venture NuGen for 15.3 billion yen (111.15 million pounds)

Toshiba currently owns 60 percent of NuGen, which plans to build three reactors at the Moorside site on the coast of Cumbria and expects electricity generation to start in 2025.

($1 = 110.4500 yen)

(Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman)