Aequo advised Cameco Corporation, one of the largest global suppliers of uranium fuel for nuclear energy, on Ukrainian law matters of its strategic partnership with Brookfield Renewable Partners, together with its institutional partners, to acquire Westinghouse Electric Company in a deal valued at $7.875 billion, with an estimated $4.5 billion equity cost shared proportionately among the acquiring partners, subject to closing adjustments.
Cameco will beneficially own a 49% interest in Westinghouse and Brookfield Renewable, with its institutional partners, will beneficially own a 51% interest.
Westinghouse Electric Company is shaping the future of carbon-free energy by providing safe, innovative nuclear technologies to utilities globally. Westinghouse supplied the world’s first commercial pressurized water reactor in 1957 and the company’s technology is the basis for nearly one-half of the world’s operating nuclear plants.
Aequo focused on due diligence of the target group’s assets and operations in Ukraine, regulatory advice and input to transaction documents.