The Conversation (0)
May. 14, 2012 12:26PM PST
Cameco (TSX:CCO,NYSE:CCJ) announced it has signed an agreement with Advent International to purchase NUKEM Energy GmbH.
Cameco (TSX:CCO,NYSE:CCJ) announced it has signed an agreement with Advent International to purchase NUKEM Energy GmbH.
As quoted in the press release:
Under the agreement, Cameco will pay Advent and other shareholders €105 million ($136 million (US)) on closing subject to certain adjustments. Cameco will receive benefits of owning NUKEM and the obligation for the company’s net debt of €127 million ($164 million (US)) as of January 1, 2012. As a result of cash generated from its ongoing business activities, NUKEM is expected to significantly reduce the balance of its debt prior to closing.
Click here to read the Cameco (TSX:CCO) press release.
