Cameco to Sell Stake in Bruce Power for $450 million

The Globe and Mail reported that uranium top producer, Cameco (TSX:CCO) is selling its stake in Bruce Power to Borealis Infrastructire, a division of the Ontario Municipal Employee Retirement System (OMERS) for $450-million.

Tim Gitzel, Cameco’s president and CEO commented:

We believe the best option for our shareholders is to sell our interest in Bruce Power and continue to reinvest in our core uranium business where we see strong potential for growth

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