Westinghouse Electric Company LLC signed a definitive agreement to acquire a 50% stake in Tecnatom, S.A. from Naturgy Energy Group, S.A. (BME:NTGY) and Iberdrola, S.A. (BME:IBE) on October 4, 2021. Post completion, Westinghouse will co-own and co-manage Tecnatom with Endesa, S.A. through a joint venture. The transaction is subject to customary closing conditions and regulatory approvals. Luis Casals of Baker & McKenzie LLP acted as a legal advisor to Westinghouse Electric Company LLC.

Westinghouse Electric Company LLC completed the acquisition of 50% stake in Tecnatom, S.A. from Naturgy Energy Group, S.A. (BME:NTGY) and Iberdrola, S.A. (BME:IBE) on March 10, 2022.