Nuclear energy company Westinghouse Electric has completed its previously announced sale to Brookfield Business Partners and institutional partners along with its emergence from Chapter 11 as a reorganized company.
Announced on Jan. 4, 2018, the transaction was closed and became effective today.
Westinghouse president & CEO José Emeterio Gutiérrez said: “The close of this transaction marks an exciting milestone for Westinghouse as we have successfully emerged from Chapter 11, and continue to navigate a significant transformation that positions us for long-term sustainable success.
“With the support of Brookfield, Westinghouse will continue to build on its legacy of leading the nuclear industry. Our focus is on strengthening the business, capitalizing on our global footprint and excelling in client service and innovation.”
Source: Company Press Release