Westinghouse sale to Brookfield completed

7 August 2018

Westinghouse Electric Company has announced the completion of its previously announced sale to Brookfield Business Partners together with institutional partners (collectively, “Brookfield”) and emergence from Chapter 11 protection as a reorganised company. Announced on 4 January this year, the transaction was closed and became effective on 3 August.

“The close of this transaction marks an exciting milestone for Westinghouse as we have successfully emerged from Chapter 11, and continue to navigate a significant transformation that positions us for long-term sustainable success. With the support of Brookfield, Westinghouse will continue to build on its legacy of leading the nuclear industry. Our focus is on strengthening the business, capitalising on our global footprint and excelling in client service and innovation,” said Westinghouse president and CEO José Emeterio Gutiérrez.

Westinghouse supplied the world's first commercial pressurised water reactor in 1957 in Shippingport, USA. Brookfield Business Partnersis a business services and industrials company listed on the New York and Toronto stock exchanges and is part of Brookfield Asset Management Inc, a global alternative asset manager with approximately $285 billion of assets under management, of which approximately $150 billion are in the USA.

Linkedin Linkedin   
Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.