Brookfield Financial News

21.09 / 09:03

UPS Target MET Experts recommendations Brookfield AusSuper spoils Brookfield, EIG’s $18.7b Origin hopes

Origin Energy’s largest investor, AustralianSuper, says the company’s share price is “substantially below” its long-term value estimate, suggesting that Brookfield and EIG will need to increase their $18.7 billion takeover offer to secure the energy giant.

10.09 / 19:35

UPS Target Aware CEO performer Perpetual Brookfield Origin Energy now worth ‘far more’ than Brookfield bid: Perpetual

Fund manager Perpetual wants Origin Energy’s board and management to push suitors Brookfield and EIG Partners for a better deal than their agreed $18.7 billion price, recognising the target’s rapidly improved profitability and a growing consensus that Origin’s Eraring coal-fired power station will outlive its 2025 retirement date.

08.09 / 14:17

UPS Citi Remark performer country 500 Brookfield Brookfield to invest Rs 1,500 crore more in Leela

Brookfield Asset Management spoke about additional investments in The Leela Palaces Hotels & Resorts business, the company's 'record' performance and 'robust' margins and the expansion plans going forward. Edited excerpts:Q: How has Brookfield’s $558 million investment in Leela fared? A: When we invested in the Leela business, our engagement with them lasted throughout 2018-19. This was prior to the global pandemic, Covid-19.

05.09 / 18:53

UPS Align performer stage country exclusive Brookfield Brookfield to invest Rs 1.5k cr more in Leela

Leela Palaces, Hotels and Resorts business, after the initial deal, which involved an investment of ₹4,500 crore, Ankur Gupta managing partner and head of real estate for the APAC region at Brookfield Asset Management told ET in an exclusive interview. This is the largest ever foreign investment in the Indian hospitality sector. Gupta said the hotel chain is expected to post its best performance in the last three decades in the current year with 'strong' profit margins.

31.08 / 09:49

Provident Aware Platform Celebrity Pride voice social Brookfield Bridging the gap: Brookfield Properties pioneers DEI leadership

Brookfield Properties Pride Month celebrations

28.08 / 01:53

Citi Target Digital Manufacturing Platform Action country Brookfield Brookfield will invest more in range of India opportunities: Mark Carney

Brookfield is looking to grow its $25-billion asset portfolio in the country further, said former central banker Mark Carney, also the UN Special Envoy for climate action and finance. The chair of Brookfield Asset Management and head of transition investing at the firm told Deepshikha Sikarwar & Vinay Pandey in an interview that India has a big opportunity amid global supply chain disruptions. Edited excerpts:The US Federal Reserve chairman has made it clear the central bank is not done with containing inflation. What is your reading of Jerome Powell's statement?My reading of what he emphasised is that the Fed's policy is going to continue to be restrictive for some time.

14.08 / 15:09

UPS FIVE Parke track Brookfield Brookfield India Real Estate Q1 results: Net income up 4.5% to ₹245.3 crore

₹245.3 crore in the first quarter ended June 30 of the fiscal year 2024. The company had reported net income at ₹234.6 crore in the same quarter a year ago. Brookfield India also announced the distribution of ₹164.16 crore to its unitholders.

14.08 / 13:25

UPS CEO Citigroup Brookfield Brookfield India REIT Q1 Results: Net operating income at Rs 245 cr, distribution at Rs 164 cr

It has announced distributions totalling Rs 164.2 crore for the quarter.Brookfield India REIT has achieved gross leasing of 2.98 lakh sq ft during the quarter including 63,000 sf of new leasing and 2.35 sq ft of renewals. The REIT witnessed an average escalation of 9.1% on 1.7 million sq ft leased area.

10.08 / 00:53

UPS BLOCK Aware show Brookfield Brookfield's OFS in telecom tower InvIT undersubscribed

Brookfield's offer for sale (OFS) of units in its telecom tower InvIT Data Infrastructure Trust was subscribed only 82.44% on Wednesday, against a base size of ₹2,824 crore, showed BSE data. The infrastructure investment trust (InvIT) mainly comprises telecom towers with Reliance Jio as the anchor tenant. Against the 182.2 million units on offer, representing a 7% stake, the OFS received bids for 150.2 million units.

09.08 / 15:01

UPS Gap Duke Deal Brookfield Brookfield defies deal gloom, expects record inflows in 2023

Brookfield Asset Management Ltd. said it expects to raise US$150 billion this year, bucking the slowdown in the alternative-asset sector.

04.08 / 09:47

UPS Citigroup Enterprise Brookfield Brookfield India REIT plans to raise up to Rs 1,150 cr in addition to QIP

India REIT is planning to raise an additional up to Rs 1,150 crore through a combination of preferential issue of units to its sponsor group and commercial paper following its qualified institutional placement (QIP) worth Rs 2,305 crore earlier this week. The REIT will be raising nearly Rs 400 crore through the issuance of up to 1.27 crore units to a sponsor group entity Project Diamond Holdings.

03.08 / 15:15

UPS Target Google Brookfield Brookfield and Sequoia offshoot launch fund to target cut-priced startups

Brookfield Asset Management Inc. and Sequoia Heritage, a US$16 billion fund that manages the wealth of Silicon Valley, are creating an investment vehicle to capitalize on plunging valuations of venture capital-backed companies.

02.08 / 16:13

UPS BLOCK Enterprise Brookfield Brookfield India Reit raises over ₹2.3K cr

MUMBAI : Brookfield India Real Estate Trust (BIRET) has raised over ₹2,305 crore through qualified institutional placement. The significant investor interest led to a 50% upsizing of the offer, the company said. The base size of the issue was around ₹1,500 crore.

02.08 / 10:03

Strategy Enterprise Brookfield Brookfield India Real Estate Trust raises over ₹2,300 crore through QIP

₹2,300 crore through Qualified Institutional Placement (QIP) of Units. The firm further noted that the proceeds from the placement will be directed toward financing the announced acquisition of two large commercial assets from Brookfield Asset Management’s private real estate funds, it said in a stock regulatory filing.

02.08 / 09:57

FIVE Parke Brookfield Brookfield India REIT raises Rs 2,305 crore through sale of units to 64 institutional investors

Brookfield India Real Estate Trust has raised Rs 2,305 crore by selling units to institutional investors on private placement basis and will mainly use this fund for acquisition of two assets in Gurugram and Mumbai. In a regulatory filing, Brookprop Management Services Pvt Ltd, which is manager to Brookfield India REIT, informed that the issue committee has approved the allotment of 9,13,01,349 units to 64 successful eligible institutional investors, at the issue price of Rs 252.50 per unit. The names of investors were not disclosed.

02.08 / 09:47

COST UPS Provident BLOCK Patrick Brookfield Brookfield preps sale of Asciano bulk transport spin-off; Azure hired

Brookfield is testing buyer appetite for Australia and New Zealand logistics business Linx Cargo Care Group, seven years after it birthed the business out of Asciano’s $9 billion take-private.

01.08 / 17:53

UPS Target Man Manufacturing Continental country Renewables Brookfield Brookfield, RIL bet on renewables in Australia

₹5.95 trillion) in green energy and other projects in Gujarat. It will also set up a 10GW solar project in Andhra Pradesh.

01.08 / 03:41

COST UPS Provident Manufacturing country Reliance Industries boost Brookfield Reliance Industries, Brookfield sign pact to boost renewable energy manufacturing in Australia

Reliance Industries and Brookfield Asset Management have entered into an initial agreement with the aim of exploring opportunities for manufacturing renewable energy and decarbonization equipment within Australia. The Memorandum of Understanding (MoU) seeks to accelerate as well as de-risk Australia's energy transition by enabling local production of clean energy equipment, including PV modules, long duration battery storage, and wind energy components, the Indian conglomerate said in a press statement.

01.08 / 03:23

Manufacturing Power Brookfield Reliance signs MoU with Brookfield for renewable power equipment manufacturing in Australia

Reliance Industries Ltd (RIL) has signed a Memorandum of Understanding (,OU) with Brookfield for onshore renewable power and decarbonization equipment manufacturing in Australia. (This is a developing story)

28.07 / 01:47

Provident Aware CEO Racing country exclusive Brookfield Warburg Pincus leads race for Brookfield BPO

Warburg Pincus is in advanced negotiations with Canadian investor Brookfield Asset Management Inc. to acquire Everise Holdings, a Delaware-registered outsourcing company, said three people aware of the development. The deal is expected to value Everise at $1.2-1.3 billion, they said.

26.07 / 12:57

Gap Racing Strategy show social exclusive Brookfield stake SBB ends talks with Brookfield over EduCo stake sale

SBB abruptly ended talks with Canada’s Brookfield Asset Management Ltd. over the sale of a 51 per cent stake in a portfolio of school buildings, reflecting the struggles the embattled Swedish landlord faces to close a looming funding gap.

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