Firm Secures CFIUS Approval for Sale of Nuclear Power Company

Brookfield Business Partners, a private equity firm, recently received approval from the Committee on Foreign Investment in the U.S. to sell nuclear power company Westinghouse Electric, Brookfield said in a May 5 news release. The company last year said it planned to sell Westinghouse to a consortium led by Canada-based Cameco, a uranium mining company. Brookfield said it’s “progressing other regulatory approvals required to close the transaction which is expected in the third quarter of 2023.”