# Cameco and Brookfield receive regulatory approval for $7.9 billion Westinghouse acquisition

Cameco and Brookfield Renewable Partners received regulatory approval to acquire Westinghouse Electric for $7.9 billion, with closing expected on or about November 7, 2023.

- Type: Acquisition
- Announced: 2023-11-03
- Where: United States
- Value: $7.90B
- Status: announced
- Products: nuclear power plant equipment
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Brookfield Asset Management](https://endata.com/companies/2655.md) (acquirer)
- [Cameco](https://endata.com/companies/10865.md) (acquirer)
- [Westinghouse Electric Company](https://endata.com/companies/10867.md) (target)
- [Brookfield Renewable Partners](https://endata.com/companies/45940.md) (acquirer)

## Sources

- [nucnet.org](https://www.nucnet.org/news/cameco-and-brookfield-get-regulatory-approval-for-usd7-9-billion-takeover-deal-11-5-2023), 2023-11-03: "Canada-based uranium miner Cameco and Brookfield Renewable Partners have received regulatory approval to finalise a deal for the acquisition of US-based nuclear power plant equipment maker Westinghouse Electric"
- [cameco.com](https://www.cameco.com/media/news/cameco-and-brookfield-complete-acquisition-of-westinghouse-electric-company), 2023-11-07: "Cameco announced that the acquisition of Westinghouse Electric Company in a strategic partnership with Brookfield Asset Management alongside its publicly listed affiliate Brookfield Renewable Partners and institutional partners closed today."
- [neimagazine.com](https://www.neimagazine.com/news/cameco-and-brookfield-receive-regulatory-approval-to-acquire-westinghouse-11282477/), 2023-11-08: "We will not be utilising the $280m (US) bridge commitment that we secured concurrently with the acquisition agreement, and that commitment will be terminated."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.