Brookfield selling Westinghouse nuclear assets

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.

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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)