Nuclear
US major nuclear group Westinghouse Electric exited from bankruptcy protection (under Chapter 11 of US Bankruptcy Code) at the start of this month, when its takeover by Brookfield Business Partners came into effect. Brookfield, which is listed on the New York and Toronto Stock Exchanges and is itself a subsidiary of the Brookfield Asset Management group (also listed on the Toronto and New York Stock Exchanges and which has assets worth $285-billion under its management), acquired 100% of the embattled US company. The take-over, which cost Brookfield $4.6-billion, was originally announced in January.
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