Brookfield Asset Management to buy remaining stake in Brookfield Property Partners for $6.5 bn

New Delhi: Canada-based Brookfield Asset Management Inc said it is about to buy the remaining stake in its commercial realty business Brookfield Property Partners for USD 6.5 billion.

This amount is slightly more than USD 5.9 billion offer that the company made in January this year.

Unitholders of Brookfield Property Partners will get about USD 18.17 per unit they hold, a premium of around 26 percent to stock's last close on 31 December 2020, before the announcement was made. 

 

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