Westinghouse Electric Company — global nuclear services, fuel, plant operations, decommissioning, AP1000 reactor design (powers ~50% of operating US nuclear capacity through fuel/services)
Cameco (49%) + Brookfield Renewable Partners (51%) acquired Westinghouse Electric Company from Brookfield Business Partners + Saudi PIF for $7.875B (~$8.2B post-WC). Closes Nov 7, 2023. Combines Cameco's uranium fuel expertise with Brookfield's energy infrastructure capability. Westinghouse provides services to ~50% of US operating nuclear capacity. Strategic positioning for nuclear renaissance + AP1000 deployment globally (Poland, Ukraine, etc.).
$7.88B
Deal Value
Nuclear
Technology
PA
Location
Deal Details
- Deal Type
- Corporate M&A
- Buyer / Financier
- Cameco Corporation (49%) + Brookfield Asset Management/Brookfield Renewable (51%)
- Deal Value
- $7.875B (~$8.2B with working capital adj.)
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- Cameco
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