SK Group weighs buying up to $3B stake in Westinghouse

SK Group, with Samsung C&T, Hyundai E&C and Doosan Enerbility, is reviewing the purchase of a 5–10% stake in U.S. nuclear firm Westinghouse for up to about 4 trillion won ($3.02 billion). SK's individual stake and terms are unconfirmed; returns hinge on price and access to nuclear and data-center projects.

• Korean consortium may buy 5–10% of Westinghouse for up to 4 trillion won
• Cameco, holding 49% of Westinghouse, received $220.5M in distributions last year
• At a $30B valuation with a 10% discount, 1% stake yields 1.7% or 0.4% excluding one-off payout
• SK previously invested $250M in TerraPower in 2022