REG - Competition and Mkts - Merger Update: Brookfield / Cameco / Westinghouse

CamecoAnnouncement

14/09/2023 12:15

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RNS Number : 3521M  Competition and Markets Authority  14 September 2023

START OF CMA MERGER INVESTIGATION:

 

Anticipated joint venture by Brookfield Corporation and Cameco Corporation to
acquire Westinghouse Electric Company

 

The Competition and Markets Authority (CMA) is considering whether it is or
may be the case that this transaction, if carried into effect, will result in
the creation of a relevant merger situation under the merger provisions of the
Enterprise Act 2002 and, if so, whether the creation of that situation may be
expected to result in a substantial lessening of competition within any market
or markets in the United Kingdom for goods or services.

 

The CMA announced the launch of its merger inquiry by notice to the Parties on
14 September 2023 and the initial period defined in section 34ZA(3) of the Act
in relation to the Merger will therefore commence on the first working day
after the date of this notice, i.e. on 15 September 2023. The deadline for the
CMA to announce its decision whether to refer the Merger for a Phase 2
investigation is therefore 9 November 2023.

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