Luxury hotel group Leela Palaces, Hotels and Resorts, owned by Canadian investment giant Brookfield Asset Management, is gearing up for a groundbreaking Rs 5,000 crore Initial Public Offering (IPO), set to be the largest ever in India’s hospitality sector. Brookfield’s bold move, expected to raise the company’s valuation to approximately $2.5 billion (about Rs 21,000 […]
A consortium led by Brookfield Asset Management has completed the acquisition of American Tower Corporation’s operations in India for a staggering $2.5 billion. This acquisition, one of India’s largest telecom infrastructure deals, sees Brookfield become the largest telecom tower operator in the country, overtaking Indus Towers. The deal also signifies American Tower Corporation’s exit from […]
The International Finance Corporation (IFC), part of the World Bank Group, has committed $105 million to support a significant solar power project in Bikaner, Rajasthan, developed by global asset management firm Brookfield Asset Management. This initiative marks a critical step in scaling India’s renewable energy capacity, specifically targeting a 550 MWp solar project that aims […]
In a strategic move within the renewable energy sector, Brookfield Asset Management Inc. (NYSE: BAM, TSX: BAM), along with its institutional partners including Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) and Temasek, through Brookfield Renewable Holdings, has initiated exclusive negotiations to acquire a 53.32% shareholding in Neoen (ISIN code: FR0011675362, Ticker: NEOEN). The parties […]
IndoStar Capital Finance Limited (IndoStar), a distinguished player in the non-banking financial sector, has made a significant announcement that underscores its robust growth trajectory and strategic expansion plans. The company’s Board has approved a substantial fundraise of INR 456.6 crore through a preferential allotment of warrants, attracting investments from two major entities: Brookfield Asset Management […]
American Tower Corporation (NYSE: AMT) has signed a definitive agreement to sell its Indian operations, ATC India, to Data Infrastructure Trust (DIT), affiliated with Brookfield Asset Management (NYSE: BAM, TSX: BAM). The transaction, valued at approximately INR 210 billion or $2.5 billion, is subject to customary closing conditions, including regulatory approvals, and is expected to […]
As part of Climate Week NYC, Colgate-Palmolive has declared a landmark 20-year virtual power purchase agreement (VPPA) with the 209MW Markum Solar Farm, located just outside of Waco, Texas. Slated to go live in 2025, Markum Solar Farm is positioned to become a long-lasting source of clean, renewable energy in the United States, meeting 100% […]
Brookfield Asset Management and India’s largest private sector enterprise, Reliance Industries, have made a landmark agreement, signing a Memorandum of Understanding (MoU), aimed at bringing renewable energy and decarbonization equipment manufacturing to Australia. The partnership hopes to speed up and reduce risks associated with Australia’s energy transition by enabling the local production of clean energy […]
Brookfield Reinsurance has announced a definitive agreement to acquire all remaining shares of common stock in American Equity Investment Life (AEL), in a cash and stock deal valued at roughly $4.3 billion. The agreement will see each American Equity Investment Life shareholder receiving $55 per share, comprising $38.85 in cash and 0.49707 of a Brookfield […]
American Equity Investment Life (NYSE: AEL), an issuer of fixed index annuities, confirmed today that it has received a $4.3 billion worth acquisition proposal from Brookfield Reinsurance. Under the terms proposed, Brookfield Reinsurance seeks to acquire all remaining shares of American Equity Investment Life that it doesn’t already possess, offering $55 per share. The proposal […]