CMA Approves Cameco and Brookfield’s $7.87bn Acquisition of Westinghouse Electric, Closing Expected November 7, 2023.

The UK Competition and Markets Authority (CMA) has approved the $7.87bn acquisition of Westinghouse Electric by Cameco and Brookfield, following an investigation into the previously announced joint acquisition of the US-based nuclear power company. The CMA investigated if the deal would significantly affect the competition within any market or market in the UK for services or goods. The acquisition will be split between Cameco, Brookfield Renewable Partners and other partners, with Cameco having a 49% stake. The transaction is expected to close around 7 November 2023.