Uranium producer Cameco and Brookfield Renewable to acquire Westinghouse Electric Company

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

According to the company's statement, Brookfield Renewable, with its institutional partners, will own a 51% interest in Westinghouse and Cameco will own 49%. The company has industry-leading intellectual property and a specialized workforce of roughly 9,000 employees capable of operating in highly regulated markets around the world.

The company noted that the total enterprise value for Westinghouse is $7.875 billion, adding that Westinghouse’s existing debt structure will remain in place, leaving an estimated $4.5 billion equity cost to the consortium, subject to closing adjustments.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks edge lower on Wall Street ahead of latest round of corporate earnings reportsMajor indexes are coming off a volatile week where they notched out gains because of an early two-day rally that shielded stocks from several weak days I love to walk Canada
La source: globeandmail - 🏆 5. / 92 Lire la suite »