Apparently for a 6X gain according to the title. I don’t have access to the premium side of the site for additional details.
This was also posted over on the Nuclear Power discussion board, and has a few more details.
1 Like
It took me a few minutes to realize that here, one Brookfield entity (Brookfield Business Partners: BBU) is selling Westinghouse to a consortium whose majority partner is another Brookfield entity (Brookfield Renewable Partners: BEP)!
From this BBU article:
“When combined with distributions received to date, Brookfield’s expected proceeds will equate to approximately 6 times its invested capital, a 60% IRR and $4.5 billion of total profit”
While this is great for BBU unitholders, I hope this doesn’t mean BEP overpaid.
Sanjay (long BEPC)
4 Likes