Westinghouse Electric Company,the US nuclear engineering group that went into chapter 11 bankruptcy last year, has been sold by its owner Toshiba to Brookfield Business Partners, the private equity group, for $4.6bn.
The deal is conditional on approval from the bankruptcy court and regulators around the world.
Brookfield is funding the acquisition with about $1bn in equity and $3bn in long-term debt, with the remainder coming from pension and environmental liabilities that it is taking on.
Cyrus Madon, Brookfields chief executive, said the group looked forward to bringing our significant expertise and reputation as a long-term owner and operator of critical …
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