UK regulator clears Cameco, Brookfield Renewable's $7.9 bln Westinghouse deal

Brookfield Renewable Partners LP

03/11/2023 12:16

Nov 3 (Reuters) - Britain's competition regulator on
Friday cleared the Cameco Corp  CCO.TO  and Brookfield Renewable
Partners' $7.9 billion deal to acquire nuclear power plant
equipment maker Westinghouse Electric.
    The Competition and Markets Authority (CMA), which had
started looking into the deal in August, said it will not refer
the merger for a deeper probe. 
    The deal was announced in October last year on the heels of
an uptick in interest in nuclear power amid an energy crisis in
Europe and soaring crude oil and natural gas prices.

 (Reporting by Radhika Anilkumar in Bengaluru; Editing by
Shinjini Ganguli)
 ((Radhika.Anilkumar@thomsonreuters.com;))