A multi-billion deal is in place for two companies to acquire Westinghouse Electric.
Cameco Corporation and Brookfield Renewable Partners have agreed to form a partnership and take over the Cranberry Township based business.
The value of Westinghouse is $7.8 billion, but factoring in existing debt structure will then leave an estimated $4.5 billion for the two groups to buy Westinghouse.
Cameco is a Canadian-based company that is one of the largest global suppliers of uranium fuel for nuclear energy. Brookfield meanwhile specializes in clean energy investment and was the company that bought Westinghouse in 2018.
The deal is expected to close in the second half of next year.