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Canada’s Cameco has announced that acquisition of?Westinghouse Electric Company in a strategic partnership with Brookfield Asset Management alongside Brookfield Renewable Partners and institutional partners has been completed. Cameco now owns a 49% interest and Brookfield a 51% in Westinghouse.
- Source: NEI Magazine
- Date: Wednesday, 15 November 2023
- Original article: neimagazine.com/news/newscameco-and-brookfield-complete-acquisition-of-westinghouse-11297387
Cameco has announced that its joint acquisition of Westinghouse Electric Company with Brookfield Asset Management, alongside its publicly listed affiliate Brookfield Renewable Partners and institutional partners, has now received all required regulatory approvals. The UK Competition and Markets Authority (CMA) has cleared the Cameco Corp and Brookfield Renewable Partners' $7.875bn deal to acquire Westinghouse Electric. CMA, which began considering the deal in August, said it will not refer the merger for further investigation.
- Source: NEI Magazine
- Date: Thursday, 09 November 2023
- Original article: neimagazine.com/news/newscameco-and-brookfield-receive-regulatory-approval-to-acquire-westinghouse-11282477
US-based Westinghouse Electric Company has signed a contract extension with EDF Energy Nuclear Generation Limited (NGL) to supply fuel for the UK’s Advanced Gas Cooled Reactors (AGRs) from its Springfields fuel fabrication facility in the UK.
- Source: NEI Magazine
- Date: Saturday, 01 July 2023
- Original article: neimagazine.com/news/newswestinghouse-contracted-to-supply-fuel-to-uk-agrs-10978749
US-based Westinghouse Electric Company and Czech power company CEZ have signed an agreement on the supply of fuel assemblies for the Dukovany NPP, which comprises four Soviet-built VVER-440 reactors. Westinghouse says it will deliver fuel beginning in 2024, “replacing the current supplier, with an anticipated term of seven years”. The current fuel supplier is Russia’s TVEL.
- Source: NEI Magazine
- Date: Wednesday, 05 April 2023
- Original article: neimagazine.com/news/newswestinghouse-to-supply-vver-440-fuel-to-dukovany-10731125
Cameco Corporation and Brookfield Renewable Partners, together with its institutional partners (the consortium), are forming a strategic partnership to acquire Westinghouse Electric Company. Brookfield Renewable, with its institutional partners, will own a 51% interest in Westinghouse and Cameco will own 49%.
- Source: NEI Magazine
- Date: Friday, 14 October 2022
- Original article: neimagazine.com/news/newscameco-and-brookfield-renewable-to-acquire-westinghouse-10084610