Brookfield & Cameco / Westinghouse merger inquiry
The CMA investigated and cleared the anticipated joint venture by Cameco Corporation and Brookfield Corporation to acquire Westinghouse Electric Company.
Statutory timetable
| Phase 1 | Action |
|---|---|
| 19 December 2023 | Decision published |
| 3 November 2023 | Decision announced |
| 14 September 2023 | Launch of merger inquiry |
| 2 August 2023 to 23 August 2023 | Invitation to comment |
Phase 1
CMA clearance decision
3 November 2023: The CMA has cleared the anticipated joint venture by Cameco Corporation and Brookfield Corporation to acquire Westinghouse Electric Company.
- (19.12.23)
Launch of merger inquiry
14 September 2023: The CMA announced the launch of its merger inquiry by notice to the parties.
- (14.9.23)
Invitation to comment: closed on 23 August 2023
2 August 2023: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.
To assist it with this assessment, the CMA invites comments on the transaction from any interested party.
These comments should be provided by the deadline set out above.
Contact
Please send written representations about any competition or public interest to:
- Georgia Zele, Principal Case Officer Georgia.Zele@cma.gov.uk
Last updated 19 December 2023 + show all updates
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Full text decision published.
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Clearance decision published
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Commencement notice published
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First published.