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Japan Bank for International Cooperation completed the acquisition of minority interest in NuScale Power from Fluor for $100m..

Financials

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Transaction Value£83m
Consideration TypeCash
Capital Owned-
Capital Bid For6%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Offshore Drilling and Other Services

Minority

Energy / Utility Services

nuclear technology

United States

Completed

Cross Border

Single Bidder

Private

Acquisition

Synopsis

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Japan Bank for International Cooperation, a financial institution, completed the acquisition of minority interest in NuScale Power, a provider of nuclear technology from Fluor, a provider of engeenering and construction services for $100m. “This strategic investment by JBIC, together with previous Japanese investments by JGC and IHI, further validates the successful 11-year, $1.3bn private-public partnership of Fluor, NuScale and the US Department of Energy. The newly-formed Japanese private-public partnership, along with other strategic investors, provides a strong financial and execution-ready platform for the widespread deployment of safe, affordable, carbon-free energy solutions," David Constable, Fluor CEO.

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