Riyadh – Mubasher: The US-based Westinghouse is expected to sell a raft of nuclear reactors in the coming period to Saudi Arabia and India, CEO Jose Gutierrez has said.
The official also forecast his firm to rebound from bankruptcy with strong capital in the next weeks, according to Reuters.
“The Brookfield deal would close as soon as it had been approved by US and British nuclear regulators and the Committee on Foreign Investment in the United States (CFIUS),” Gutierrez added. He denies facing any obstacles in striking the deals, voicing his confidence in receiving the required approvals over the next few weeks.
“Once the deal is closed, Westinghouse will officially emerge from bankruptcy and Brookfield will recapitalise the firm,” according to the London-based news agency.
In January, the Canadian firm, Brookfield Asset Management, stated that it would purchase Westinghouse from Toshiba at a value of $4.6 billion.
