Fluor-backed company going public through merger with SPAC

Fluor Corporation’s nuclear energy unit NuScale Power will be going public through a merger with a SPAC.  

The business combination with Spring Valley Acquisition Corp. is set to be completed in the first half of next year. Irving-based Fluor (NYSE: FLR) expects to own about 60% of the combined company.  

“Fluor expects that the proposed transaction will bolster and accelerate the path to commercialization and deployment of NuScale Power’s unique small modular nuclear reactor…


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