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Sunday 30 March 2025
Last Updated : GMT 05:17:37
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Struggling Westinghouse Electric sold to Brookfield for $4.6 bn

Emiratesvoice, emirates voice Struggling Westinghouse Electric sold to Brookfield for $4.6 bn282764/227
london - Emiratesvoice
Financially-troubled Westinghouse Electric announced Thursday it agreed to be sold to Brookfield Business Partners for $4.6 billion, pending approval by a US bankruptcy court. Westinghouse, owned by Japan's Toshiba since 2006, has faced deep losses due to its stalled nuclear business, including cancelled plants in South Carolina. As a result, the company filed for bankruptcy protection in March 2017. Brookfield,Read more

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