Uranium producer Cameco and Brookfield Renewable to acquire Westinghouse Electric Company

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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.

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