Brookfield selling stake in Isagen.
Saved in:
| Title: | Brookfield selling stake in Isagen. |
|---|---|
| Authors: | Esteban Duarte and Paula Sambo Bloomberg |
| Source: | Toronto Star (Canada). 07/23/2025. |
| Abstract: | A Brookfield Asset Management infrastructure fund is generating a return of 18 per cent by selling a stake in a renewable power company in Colombia to investors led by an affiliate of the New York-based investment firm, according to people familiar with the matter. Managers at Brookfield Infrastructure Fund III told investors Friday they had reached an agreement to exit the asset via a sale to a consortium led by Brookfield Renewable Partners and the Qatar Investment Authority, in a deal that will deliver about $1.4 billion (U.S.) or 3.3 times gross multiple of invested capital, according to the people, who asked not to be identified discussing private information. [ABSTRACT FROM PUBLISHER] |
| Database: | Newspaper Source Plus |
|
Full text is not displayed to guests.
Login for full access.
|
|
| Abstract: | A Brookfield Asset Management infrastructure fund is generating a return of 18 per cent by selling a stake in a renewable power company in Colombia to investors led by an affiliate of the New York-based investment firm, according to people familiar with the matter. Managers at Brookfield Infrastructure Fund III told investors Friday they had reached an agreement to exit the asset via a sale to a consortium led by Brookfield Renewable Partners and the Qatar Investment Authority, in a deal that will deliver about $1.4 billion (U.S.) or 3.3 times gross multiple of invested capital, according to the people, who asked not to be identified discussing private information. [ABSTRACT FROM PUBLISHER] |
|---|
