Q: Can you highlight the benefits to BAM of their agreement announced this morning.
5i Research Answer:
BAM owns 51% of Westinghouse with CCO at 49%. Trump has pledge to finance $80B for further buildup of nuclear reactors, which benefits the partnership tremendously. The US government also gets the right to participate in a Westinghouse IPO above a $30B value. It is very good news for the partners, but note BAM is now a fairly big company and Westinghouse is just one of its investments. But certainly positive overall.