Westinghouse Acquisition by Brookfield and Cameco Complete
As announced earlier today, a consortium comprised of Brookfield Asset Management (NYSE: BAM, TSX: BAM), and alongside its publicly listed affiliate Brookfield Renewable Partners (NYSE: BEP; TSX: BEP.UN) and its institutional partners (“Brookfield”), and Cameco (NYSE: CCJ; TSX: CCO) completed its acquisition of Westinghouse Electric Company.
- As announced earlier today, a consortium comprised of Brookfield Asset Management (NYSE: BAM, TSX: BAM), and alongside its publicly listed affiliate Brookfield Renewable Partners (NYSE: BEP; TSX: BEP.UN) and its institutional partners (“Brookfield”), and Cameco (NYSE: CCJ; TSX: CCO) completed its acquisition of Westinghouse Electric Company.
- The sale to Brookfield and Cameco cements the significant role that Westinghouse plays in enabling the world’s clean and secure energy goals and will further support Westinghouse’s development and growth.
- “As we look to the future, Westinghouse is strategically positioned with Brookfield and Cameco to leverage expertise in our respective areas to better serve our customers and achieve a carbon-free future.”
Brookfield owns a 51 percent interest in Westinghouse and Cameco owns a 49 percent interest. - Over 135 years of innovation makes Westinghouse the preferred partner for advanced technologies covering the complete nuclear energy life cycle.