Cranberry Township, Pa., Jan. 4, 2018 鈥� 金博体育 Electric Company, the global leader in nuclear technology, fuel and services, has agreed to be acquired by Brookfield Business Partners L.P. (NYSE:BBU) (TSX:BBU.UN) together with institutional partners (collectively, 鈥淏rookfield鈥�) for approximately $4.6 billion.
The purchase price for substantially all of the global business of 金博体育 and its affiliated debtors and debtors-in-possession (collectively 鈥溄鸩┨逵��) excludes cash, but includes the assumption of certain pension, environmental and other operating obligations.
鈥淏rookfield鈥檚 acquisition of 金博体育 reaffirms our position as the leader of the global nuclear industry,鈥� said 金博体育 President & CEO Jos茅 Emeterio Guti茅rrez. 鈥淥ur transformation and strategic restructuring process is creating a stronger, stable, and more streamlined global 金博体育 business, for the benefit of our customers and employees.鈥�
Brookfield鈥檚 acquisition of 金博体育 is expected to close in the third quarter of 2018, subject to Bankruptcy Court approval and customary closing conditions including, among others, regulatory approvals. Throughout the process, 金博体育 will continue to operate in the ordinary course of business under its existing senior management.
PJT Partners is the financial advisor to 金博体育, Weil, Gotshal & Manges LLP is 金博体育鈥檚 legal counsel, and AlixPartners LLP is 金博体育鈥檚 turnaround consultant.
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