Cameco

According to Maeil Business Newspaper, Korea is pursuing the acquisition of 5-10% of Westinghouse at a price 10% below the IPO offer price, while securing voting rights but not a board nomination, as part of U.S.-Korea discussions. The plan includes a roughly 120 billion won investment from a 200 billion won U.S.-Korea investment fund and a stance to treat each U.S. nuclear project individually; the exact stake Korea can directly sell post-IPO will depend on Westinghouse’s valuation, with Brookfield and Cameco as major shareholders involved.