The Wall Street Journal: Cameco and Brookfield Renewable Partners to buy Westinghouse Electric Co. in $7.88 billion deal

the-wall-street-journal:-cameco-and-brookfield-renewable-partners-to-buy-westinghouse-electric-co-in-$7.88-billion-deal

Cameco Corp. CCJ, +1.69% and Brookfield Renewable Partners BEP, -0.10%, along with institutional partners, are planning to buy Westinghouse Electric Co.

The companies said Tuesday that they are forming a strategic partnership to acquire the nuclear services business. Brookfield Renewable, with its institutional partners, will own a 51% interest in Westinghouse and Cameco will own 49%, they said.

The total enterprise value for Westinghouse is roughly $7.88 billion, the companies said.

An expanded version of this report appears at WSJ.com.

Top stories from WSJ.com

Federal Officials Trade Stock in Companies Their Agencies Oversee

The Repairs That Will Help Sell Your House in a Cooling Market

Related Articles

Responses

Your email address will not be published. Required fields are marked *