Westinghouse Electric Company has completed its previously announced £3.5bn sale to Brookfield Business Partners L.P. Westinghouse runs the Springfields factory at Salwick which produces fuel for reactors at power stations. The future of the business had been under something of a cloud after parent Toshiba got into financial trouble last year. Now the sale to Brookfield has completed. Westinghouse President and CEO José Emeterio Gutiérrez said: “The close of this transaction marks an exciting milestone for Westinghouse as we have successfully emerged from Chapter 11, and continue to navigate a significant transformation that positions us for long-term sustainable success.
Blackpool Gazette 3rd Aug 2018 read more »