UK regulator probes Cameco, Brookfield Renewable's $7.9 bln Westinghouse deal (updated)

Brookfield Renewable Partners LP

02/08/2023 11:28

(Adds background on the deal in paragraphs 2-3)
       Aug 2 (Reuters) - Britain's competition regulator said
on Wednesday it is investigating Cameco Corp  CCO.TO  and
Brookfield Renewable Partners' $7.9 billion deal to acquire
nuclear power plant equipment maker Westinghouse Electric.
    The UK's Competition and Markets Authority (CMA) said it has
invited comments on the deal from interested parties. It did not
give any further details.
    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.
    Cameco will own 49% of Westinghouse, while Brookfield
Renewable and its institutional partners will own the rest, the
companies had said.
    Westinghouse, Cameco and Brookfield Renewable Partners did
not immediately respond to Reuters' requests for comment.

 (Reporting by Eva Mathews in Bengaluru; Editing by Savio
D'Souza)
 ((Eva.Mathews@thomsonreuters.com;))