KUALA LUMPUR, Aug 2 (Bernama) -- Westinghouse Electric Company (Westinghouse) announced today the completion of its sale to Brookfield Business Partners L.P. (Brookfield) together with institutional partners, and emergence from Chapter 11 as a reorganised company.
"With the support of Brookfield, Westinghouse will continue to build on its legacy of leading the nuclear industry," said its president and chief executive officer, José Emeterio Gutiérrez, in a statement.
The close of the transaction marks a milestone for Westinghouse as it continues to navigate a significant transformation that positions it for long-term sustainable success, Gutiérrez added.
The company is focused on strengthening itself, capitalising on its global footprint and excelling in client service and innovation.
Westinghouse is the world's pioneering nuclear energy company and a leading supplier of nuclear plant products and technologies to utilities throughout the world.
While Brookfield is a business services and industrials company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low production costs. It is listed in the New York and Toronto stock exchanges.
-- BERNAMA
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