Canadian uranium producer Cameco signed a $300 million deal to buy a German nuclear-fuel broker with Danbury operations.
Cameco, of Saskatchewan, Canada, will pay Advent International $136 million cash and assume $164 million in debt to acquire Advent's Nukem Energy GmbH unit.
The deal is due to close in the fourth quarter, subject to regulatory approvals.
Fifty-year-old Nukem sold about 12 million pounds of uranium last year, and expects to deliver between10 million to 15 million pounds this year.
The company's assets include uncommitted inventory and a portfolio of purchase and sales contracts covering approximately 4.5 million pounds of uranium.
Nukem has 35 staffers in Danbury and Alzenau, Germany.