Uranium producer Cameco and Brookfield Renewable to acquire Westinghouse Electric Company

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

uranium nuclear Cameco 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: globeandmail - 🏆 5. / 92 Read more »