McCarthy Tétrault served as Canadian legal advisor to Cameco Corporation on Cameco and Brookfield Renewable Partner's USD$7.9B acquisition of Westinghouse Electric Company. IJInvestor hailed the deal at their annual awards ceremony, naming it the 2024 Americas Market Impact Deal of the Year – North America.

This complex international acquisition of one of the world’s largest nuclear services businesses spanned 19 countries in an industry with significant regulatory oversight and ownership restrictions. Under the agreement, Brookfield Renewable, with its institutional partners, now owns 51% interest in Westinghouse and Cameco owns the remaining 49%. David Lever led McCarthy Tétrault’s deal team which included David Woollcombe, Matthew Cumming, Andrew Parker, Maureen Gillis, Suzie Cusson, Mitchell Lui, Lama Kahiel, Shaun Khullar, Samantha Pettinato, Jonathan Leung (Business), Gordon Baird (Financial Services), Stefanie Morand, Patrick McCay, Kabir Jamal (Tax), Oliver J. Borgers, Gideon Kwinter (Competition), John W. Boscariol, Gajan Sathananthan (Trade), Vincent Yip (Intellectual Property), Ben T. Aberant (Labour and Employment), Kelleher Lynch, Julia Miller (Pensions), and Sarit Pandya (Real Property and Planning).

Cameco, based in Saskatoon, Canada, is one of the world’s largest providers of the uranium needed to generate clean, reliable baseload electricity around the globe. Brookfield Renewable, based in Toronto, Canada, owns and operates renewable power assets. Westinghouse, based in Cranberry Township, United States, is an international nuclear energy company.

Launched in 2019, the IJInvestor Awards recognize best-in-class transactions and organizations across the international infrastructure and energy sectors with a focus on funds and M&A activity. Award winners are selected by an esteemed panel of judges from around the world and this year, awards were presented at a gala in New York City on December 5.

McCarthy Tétrault is honoured to be a part of our clients’ successes as they continue to drive innovation and economic growth in the energy and infrastructure markets.

About McCarthy Tétrault

McCarthy Tétrault LLP provides a broad range of legal services, providing strategic and industry-focused advice and solutions for Canadian and international interests. The firm has substantial presence in Canada’s major commercial centres as well as in New York City and London.

Built on an integrated approach to the practice of law and delivery of innovative client services, the firm brings its legal talent, industry insight and practice experience to help clients achieve the results that are important to them.

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For further information on McCarthy Tétrault or any of the above, please contact [email protected].