UK regulator investigating Westinghouse’s $7.9bn deal of Cameco and Brookfield Renewable

Aug 2 (Reuters) – Britain’s competition watchdog said on Wednesday it was investigating Cameco Corp. (BCC.TO) and Brookfield Renewable Partners’ $7.9 billion deal to acquire nuclear power plant equipment maker Westinghouse Electric.

The Competition and Markets Authority (CMA) said it had asked interested parties for comments on the deal. He did not give further details.

the deal It was announced in October last year, on the heels of a surge in interest in nuclear power amid an energy crisis in Europe and skyrocketing prices for crude oil and natural gas.

“This is part of the standard regulatory approval process for transactions of this nature,” Cameco said in an email to Reuters.

The company added that it expected the deal to close before the end of the year.

Westinghouse did not immediately respond to a request for comment, while Brookfield Renewable Partners declined to comment.

Cameco will own 49% of Westinghouse, while Brookfield Renewable and its institutional partners will own the remainder, the companies said.

Reporting by Eva Mathews in Bangalore; Additional reporting by Radhika Anilkumar; Edited by Savio D’Souza and Mark Potter

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