TSX:BPO.PR.A - Post by User
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SONOFFERGUSon Mar 26, 2024 10:40pm
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Post# 35954504
RE:RE:RE:RE:RE:BN controls 100% of BPY. BPY made the Guarantee, not
RE:RE:RE:RE:RE:BN controls 100% of BPY. BPY made the Guarantee, notHi.
I must admit I hadn't thought much about governance, this is a great point.
As you say, BPY would be having a tough time without BN, but how do they navigate the fixes that Flatt and co. come up with? They just shipped a bunch of properties to the insurance arm. How did they (BPY, BN and the insurance arm) get comfortable with the transfer price? Note ADM is in the hot seat for questionable internal pricing, for what it's worth.
I feel like a privatization or a recap have to be bubbling up on the list of alternatives. Am I thinking about this right?
Best,
Sonoffergus