Brookfield Business Partners to Buy Westinghouse for $4.6 bln
Brookfield Business Partners LP and institutional partners will buy the Pittsburgh-based business using $1 billion of equity and $3 billion of long-term debt financing, according to a statement.
The deal is expected to close in the third quarter.
Westinghouse filed for bankruptcy last March after two nuclear power plants it had designed and was constructing in the U.S. Southeast had gone billions of dollars over their fixed-cost contracts.