UK regulator investigates $7.9bn Westinghouse deal involving Cameco and Brookfield Renewable.
UK Regulator Probes Cameco’s Acquisition of Westinghouse Electric
Britain’s competition regulator, the Competition and Markets Authority (CMA), announced on Wednesday that it is investigating the $7.9 billion deal between Cameco Corp and Brookfield Renewable Partners to acquire nuclear power plant equipment maker Westinghouse Electric. The CMA has invited comments from interested parties regarding the deal.
The acquisition was announced in October last year, coinciding with a surge in interest in nuclear power due to the energy crisis in Europe and rising oil and gas prices. Under the deal, Cameco will own 49% of Westinghouse, while Brookfield Renewable and its institutional partners will own the remaining stake.
Reuters reached out to Westinghouse, Cameco, and Brookfield Renewable Partners for comment, but they have not responded yet.
Reporting by Eva Mathews in Bengaluru; Editing by Savio D’Souza
Hunter Biden’s Former Associate Reveals Allegations of Influence Peddling
Former President Trump Indicted for Alleged Role in January 6th Incident
Mass Protests in Niger Support Recent Coup, Denounce France
Worldcoin Expands Global Operations to Attract More Users
Foxconn to Invest $600 Million in Projects in Karnataka, India
Apple Expected to Report Decline in iPhone Sales for April-June Quarter
Social Media Platform X Seeks to Overturn Indian Court Order
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases
