Brookfield Ord Shs Class A T.BN

Alternate Symbol(s): BN | T.BN.PR.C

Financial Services Asset Management

Brookfield Corporation is an owner and operator of real assets. It is focused on compounding capital over the long term to earn attractive total returns for its shareholders. Its operating segments include the asset management business and insurance solutions business. Its operating businesses include Renewable Power and Transition business, which includes the ownership, operation, and development of hydroelectric, wind, utility-scale solar power generating assets and distributed energy and sustainable solutions; Infrastructure business, which includes the ownership, operation and development of utilities, transport, midstream, and data assets; Private Equity business, which is focused on the ownership and operation of business services and industrial operations; Real Estate business , which includes the ownership, operation and development of core and transitional and development investments, and Corporate Activities, which include the investment of cash and financial assets.

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Brookfield Ord Shs Class A

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Post by retiredcfon Mar 21, 2023 7:57am

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Post# 35350613

NR

U.S.-based buyout fund KKR

has agreed to sell a 50 per cent stake in Spanish renewable energy company X-elio to Canadian asset manager Brookfield, the two funds said on Tuesday.

Brookfield already owns the other half of X-elio.

The funds said without disclosing transaction details.

KKR first invested in X-elio in 2015 and Brookfield did so in 2019, they said in a joint statement.

A Spanish newspaper last month reported that KKR was considering selling its stake in X-elio and a deal would value the company at €2.5-billion ($2.68-billion).

X-elio operates and builds renewable power infrastructure mainly in Spain, the United States and Latin America. It currently develops and operates renewable power plants with a combined capacity of 3 gigawatts.

With its sunny plains, fast-flowing rivers and windy hillsides, Spain is attracting many investors for renewable energy projects.

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