U.S. nuclear firm Westinghouse expects to emerge from bankruptcy with sufficient equity in coming weeks and is targeting Saudi Arabia and India for new reactor sales, its CEO said, Reuters reported. Canada’s Brookfield Asset Management in January agreed to buy Westinghouse from Toshiba for $4.6 billion after cost overruns on U.S. reactors pushed the atomic energy pioneer into bankruptcy in March 2017. Westinghouse CEO Jose Gutierrez said that the Brookfield deal would close as soon as it had been approved by U.S. and British nuclear regulators and the Committee on Foreign Investment in the United States. Once the deal is closed, Westinghouse will officially emerge from bankruptcy and Brookfield will recapitalize the firm. The amount of money to be injected is under discussion. Westinghouse hopes sales will get a boost when the first of four long-delayed AP1000 reactors in China starts up this year.
