Cameco, Brookfield Renewable Partners to buy Westinghouse in $7.9 billion deal

Date:

October 11, 2022

Cigar Lake uranium mine. Image from Cameco.

Cameco Corp (TSE: CCO) and Brookfield Renewable Partners (NYSE: BEP) will together buy nuclear power plant equipment maker Westinghouse Electric Company in a $7.9 billion deal, the companies said on Tuesday.

Brookfield Renewable, along with its institutional partners, will own a 51% interest in Westinghouse while uranium fuel supplier Cameco will own 49%.

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Cameco, Brookfield Renewable Partners to buy Westinghouse in $7.9 billion deal

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