Cameco, Brookfield complete Westinghouse acquisition

November 10, 2023, 9:30AMNuclear News

Cameco, the front-end uranium mining, milling, and conversion company headquartered in Saskatchewan, Canada, is now officially a co-owner of Westinghouse Electric Company—alongside Brookfield Asset Management, its publicly listed affiliate Brookfield Renewable Partners, and its institutional partners.

Westinghouse changes hands again as Cameco buys into $7.9 billion deal

October 12, 2022, 3:15PMNuclear News
Cameco headquarters in Saskatoon, Saskatchewan, Canada. (Photo: Cameco)

Five years after bankruptcy, Pennsylvania-based Westinghouse is being sold again, this time with a 49 percent share going to Cameco Corp., the front-end uranium mining, milling, and conversion company headquartered in Saskatchewan, Canada. Cameco and Brookfield Business Partners, based in Toronto, Ontario, announced the deal yesterday. Once it closes as expected, in the second half of 2023, Brookfield Renewable Partners and other Brookfield institutional partners will own a 51 percent interest in a consortium with Cameco.