Westinghouse owner revisits sale
CRANBERRY TWP — A year after first indicating its interest in selling a minority stake in Westinghouse Electric Co., the nuclear energy company’s owners have publicly discussed “monetizing” the Cranberry Township-based company.
Brookfield Business Partners, which owns Westinghouse, said in a May securities filing it is interested in selling its interest in Westinghouse after stating last May it might sell a minority of its investment in the company.
Sebastien Bouchard, vice president for corporate communications with Brookfield, did not respond to a request for comment.
Brookfield CEO Cyrus Madon said in a statement that monetizing Westinghouse would help the business.
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