1028 ET - Brookfield Asset Management and Cameco have a lined up a big deal, one that could see their company Westinghouse Electric go public before the end of the decade. Brookfield and Cameco announced that the U.S. government formed a partnership with Westinghouse to help build nuclear reactors. The plan is for the U.S. to build at least $80 billion of new reactors to fill the growing need for energy. TD Cowen's Craig Hutchison says the U.S. government will be granted a participation interest which, once vested, will entitle it to receive 20% of any cash distributions over $17.5 billion made by Westinghouse. He notes that if the participation interest has vested by January 2029, and if the valuation of Westinghouse is expected to be above $30 billion, the U.S. government will be entitled to require an IPO. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

October 28, 2025 10:28 ET (14:28 GMT)

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