Cameco To Sell Stake In Bruce Power For C$450 Mln

(RTTNews) - Cameco (CCO.TO) (CCJ), a uranium producer, supplier of conversion services, and fuel manufacturer, Friday said it has agreed to sell its 31.6 percent stake in Bruce Power L.P. to BPC Generation Infrastructure Trust, one of the limited partners in Bruce Power, for C$450 million. The effective date of the sale is December 31, 2013. Tim Gitzel, Cameco's chief executive said, "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."