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jan 4, 2017 - Brookfield to buy Westinghouse's global nuclear business in $4.6-billion deal

Description:

Westinghouse Electric Co.’s global nuclear business may now rest in the hands of the private equity arm of Brookfield Asset Management Inc.

Canada’s biggest alternative asset manager agreed to buy what remains of the former nuclear energy powerhouse’s U.S. business, as well as its non-bankrupt European business, for US$4.6 billion. Brookfield won an auction to propose the best possible offer for the company, and has a plan to reorganize its bankrupt U.S. assets as well, according to a person familiar with the offer. The deal is still subject to court and regulatory approval, said the person, speaking on condition of anonymity because some details are not yet public.

http://business.financialpost.com/commodities/energy/brookfield-business-partners-to-buy-westinghouse-for-4-6-billion

Added to timeline:

13 Jan 2018
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Nuclear News
Nuclear News

Date:

jan 4, 2017
Now
~ 7 years and 2 months ago
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