US engineering group Fluor Corporation has reached an agreement with NuScale Power Corporation to convert and monetise its remaining ownership stake in the US-based small modular reactor (SMR) developer, a joint statement said.
Under the deal, Fluor aims to fully monetise its stake in NuScale by the end of the second quarter of 2026, converting its remaining Class B units in NuScale into Class A shares and then beginning a structured monetisation of shares, guided by mutually agreed volume restrictions to maintain the value of NuScale’s equity.
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