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Stock Market & Financial Investment News

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January 31, 2014
07:07 EDTCCJCameco agrees to sell interest in Bruce Power for $450M
Cameco announced it has agreed to sell its 31.6% limited partnership interest in Bruce Power to BPC Generation Infrastructure Trust, one of the limited partners in Bruce Power. Bruce Power operates four of the eight reactors at the world's largest nuclear generating facility in Tiverton, Ontario. The aggregate purchase price for Cameco's interest in Bruce Power and certain related entities is $450M. The effective date for the sale is December 31, 2013.
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