Canada-based uranium company Cameco has completed the acquisition of Westinghouse Electric in a partnership with Brookfield Asset Management and its Brookfield Renewable Partners affiliate and institutional partners.
Cameco now owns a 49% interest and Brookfield owns the remaining 51% in Westinghouse, one of the world’s largest nuclear services businesses and provider of the AP1000 reactor technology.
The total value of the acquisition was $8.2bn (€7.6bn), a statement said. This was adjusted from $7.9bn at the close of the deal to take account of working capital balances.