Uranium miner Cameco Corp said on Friday it has agreed to sell its interest in Bruce Power, a partnership that operates one of the world's largest nuclear generating facilities in Ontario, for C$450 million ($403 million). Under the agreement, BPC Generation Infrastructure Trust, already a partner in the venture, would purchase Cameco's 31.6 percent limited partnership interest.BPC, also known as Borealis, is a division of the Ontario Municipal Employees Retirement System.The deal is subject to three other partners in Bruce Power - TransCanada Corp, the Power Workers' Union and the Society of Energy Professionals - exercising or waiving right of first offer, and regulatory approvals.Bruce Power's facility on the shore of Lake Huron provides nearly one third of Ontario's electricity.
Cameco Corporation (Cameco) is engaged in the exploration for and the development, mining, refining, conversion and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. Shares of CCJ remained unchanged at $22.00. In the past year, the shares have traded as low as $17.27 and as high as $23.19. On average, 1745270 shares of CCJ exchange hands on a given day and today's volume is recorded at 0.
TransCanada Corporation (TransCanada) is a North American energy infrastructure company focused on natural gas pipelines, oil pipelines and energy. Shares of TRP remained unchanged at $42.85. In the past year, the shares have traded as low as $42.23 and as high as $49.65. On average, 490769 shares of TRP exchange hands on a given day and today's volume is recorded at 0.
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