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The Wall Street Journal: Cameco and Brookfield Renewable Partners to buy Westinghouse Electric Co. in $7.88 billion deal

0

Cameco Corp.
CCJ,
+1.69%

and Brookfield Renewable Partners
BEP,
-0.10%
,
along with institutional partners, are planning to buy Westinghouse Electric Co.

The companies said Tuesday that they are forming a strategic partnership to acquire the nuclear services business. Brookfield Renewable, with its institutional partners, will own a 51% interest in Westinghouse and Cameco will own 49%, they said.

The total enterprise value for Westinghouse is roughly $7.88 billion, the companies said.

An expanded version of this report appears at WSJ.com.

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