BBU - Brookfield exploring stake sale of nuclear firm Westinghouse - Reuters

Brookfield Business Partners (BBU) is exploring options including the potential sale of a minority stake in Westinghouse Electric that could value the U.S. nuclear power developer and servicer at as much as $10B including debt, Reuters reports.Brookfield has hired investment banks to engage with potential buyers for a Westinghouse stake, according to the report.Westinghouse's EBITDA totaled $650M in 2020, up from $440M in 2018.Brookfield bought Westinghouse in 2018 for $4.6B, including debt, from Toshiba, but dividend payments from Westinghouse have almost covered Brookfield's initial equity investment in the company, CEO Cyrus Madon said during February's earnings conference call.

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Brookfield exploring stake sale of nuclear firm Westinghouse - Reuters