Brookfield Business Partners to buy Westinghouse for about $4.6 bln: Reuters

A group of investors led by Brookfield Business Partners LP said on Thursday it would buy bankrupt nuclear services firm Westinghouse Electric Co from Toshiba Corp for about $4.6 billion.

Westinghouse filed for bankruptcy in March after two nuclear power plants it had designed and was constructing in the U.S. Southeast had gone billions of dollars over their fixed-cost contracts.

The deal is expected to close in the third quarter of 2018.

Source: https://www.pehub.com/2018/01/brookfield-business-partners-to-buy-westinghouse-for-about-4-6-bln-reuters/

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