JBIC invests $110M in NuScale Power; Fluor retains majority interest after transaction

FLUOR CORP

Japan Bank for International Cooperation, via JNI (including JGC and IHI), purchased $110M preferred equity in NuScale from Fluor and other investors.
Transaction values NuScale at ~$1.9B equity. After sale and pending Spring Valley merger, JNI expected to hold 8-9% of NuScale.
Fluor retains majority interest and will continue work on the Carbon Free Power Project in Idaho.
Investment subject to CFIUS review; can be rescinded if not approved or Spring Valley merger terminated.

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