News18» News»Business»Brookfield To Take Real Estate Division Private For $5.9B
1-MIN READ

Brookfield To Take Real Estate Division Private For $5.9B

Brookfield To Take Real Estate Division Private For $5.9B

Brookfield Asset Management is paying $5.9 billion to buy the remaining units of its real estate division that it doesn't already own and take it private.

Brookfield Asset Management is paying $5.9 billion to buy the remaining units of its real estate division that it doesn’t already own and take it private.

Brookfield Property Partners unitholders can choose $16.50 in cash per unit, 0.40 Brookfield Class A shares, or 0.66 of Brookfield Property preferred units with a liquidation preference of $25.00 per unit.

Brookfield Asset Management, which is based in Canada, has approximately $575 billion of assets under management across real estate, infrastructure, renewable power, private equity and credit.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor


Next Story
Loading...