These cookies are used to improve your experience and provide more personalized service to you. In addition, our future results may be impacted by various government mandated economic restrictions resulting from the ongoing COVID-19 pandemic and the related global reduction in commerce and travel and substantial volatility in stock markets worldwide, which may negatively impact our revenues, affect our ability to identify and complete future transactions, impact our liquidity position and result in a decrease of cash flows and impairment losses and/or revaluations on our investments and assets, and therefore we may be unable to achieve our expected returns. Renault could face prosecution in France over faulty engines as a group of customers plans to lodge a criminal complaint against the carmaker next week, the group's lawyer said on Friday. Cupa Group acquired by Brookfield Asset Management. Japan's second-biggest brokerage plans to boost revenues from that business by about 50% or more and add 250 people in M&A over the coming eight years, according to a presentation Wednesday. The transaction values the Company's common shares at $4.7 billion, or $85 a share, a 35% premium to Triton's closing share price on April 11, 2023, the last trading day before the transaction was announced, and represents a total enterprise value for the Company of approximately $13.3 billion. The Scheme is conditional upon the satisfaction of certain conditions, including: Citi and MUFG acted as financial advisors to Brookfield on the transaction. We are excited to grow our technology footprint with the acquisition of CDK Global, and we look forward to leveraging our operating capabilities to build on the Companys track record of providing best-in-class customer service and innovation.. Brookfield Asset Management (NYSE:BAM) said Thursday it agreed to acquire a majority stake in Indian solar panel manufacturer CleanMax Enviro Energy Solutions for $360M.Brookfield . Listen and Subscribe. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. On October 7, 2022, MidOcean entered into definitive documentation to acquire a portfolio of interests in four Australian LNG projects from Tokyo Gas Group for US$2.15 billion, marking the launch of its strategy to create a diversified pure play integrated portfolio of high-quality operating LNG projects. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Brookfield Perspectives is a podcast exploring how we invest in the backbone of the global economy. Privacy Policy. May 18, 2015. CleanMax has a proven track record of being an efficient partner to C&I (commercial and industrial) customers, enabling them to achieve their decarbonisation targets," said Nawal Saini, managing director, renewable power & transition, Brookfield. Additional Information and Where to Find It. BROOKFIELD NEWS, April 07, 2022 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE: BBUC, BBU; TSX: BBUC, BBU.UN), together with institutional partners (collectively Brookfield) today announced an agreement to acquire CDK Global Inc. (NASDAQ: CDK) (CDK Global or the Company) for $54.87 per share in a transaction valued at approximately $8.3 billion. Reuters. American NationalprovidesBrookfield Reinsurance with a multi-line platform for further growth in the United States. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. We believe this transaction provides an excellent outcome for all of Tritons stakeholders, commented Brian M. Sondey, Chief Executive Officer of Triton. This news release and any related oral statementsmade by our representatives may contain forward-looking information within the meaning of Canadian provincial securities laws and forward-looking statements within the meaning of Canadian provincial securities laws and forward-looking statements within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, and safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. Dubai: Brookfield Asset Management has emerged as the frontrunner to acquire London-listed Network International Holdings after interest from a consortium backed by CVC Capital Partners cooled, according to people familiar with the matter. Except as required by law, Brookfield Business Partners undertakes no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise. MUMBAI, June 1 (Reuters) - Canadian investor Brookfield (BAM.TO) said on Thursday it had acquired a controlling stake in Indian solar-panel maker CleanMax Enviro Energy Solutions for $360 . About Brookfield Renewable Brookfield Business Partners L.P. Public Securities. Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with approximately US$800 billion of assets under management. Brookfield did not specify the size of the stake it acquired but the deal deepens Brookfield's presence in India, where it has already invested billions in private equity and real estate. Past performance is not indicative nor a guarantee of future results. Though the terms of the deal weren't revealed, the acquisition was reportedly valued at around $3.8 billion. CDK GLOBALS STOCKHOLDERS AND OTHER INVESTORS ARE URGED TO READ THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION WHICH SHOULD BE READ CAREFULLY BEFORE ANY DECISION IS MADE WITH RESPECT TO THE TENDER OFFER. Billionaire Ang boosts stake in San Miguel parent, Netflix shareholders reject pay packages for top execs, Saudi PIF takes stake in grocer ahead of potential IPO, How you can make sense of market price movements, UAE slashes petrol, diesel prices for June 2023, UAE small business can now tap relief on corporate tax. MidOcean recognizes that LNG and natural gas are integral to the economies of Asia and Australia and is committed to continue delivering meaningful gas volumes into Australias east coast domestic market in support of local business and households. Canaccord Genuity Group Inc management-led consortium said on Friday its C$1.13 billion ($842 million) take-private offer may not result in a deal as there was "no reasonable chance" its conditions would be met by the expiry date. MUMBAI, June 1 (Reuters) - Canadian investor Brookfield (BAM.TO) said on Thursday it had acquired a controlling stake in Indian solar-panel maker CleanMax Enviro Energy Solutions for $360 million. The company offers several products, including life, health, and property and casualty (P&C) insurance, as well as annuities, according to its website. ADDITIONAL INFORMATION AND WHERE TO FIND IT, The tender offer described in this document has not yet commenced. Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Corporation, a global alternative asset manager with approximately $800 billion of assets under management. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. customary other conditions, including that no material adverse change occurs prior to implementation. Our Standards: The Thomson Reuters Trust Principles. Manulife recently acquired Serverfarm, but terms of the deal weren't shared. Brookfield has an existing presence in the industry and has been an active investor in the Middle East. Triton shareholders will receive 0.390 BIPC Shares for each Triton Share if the BIPC Final Stock Price is below $42.36, and 0.335 BIPC Shares for each Triton Share if the BIPC Final Stock Price is above $49.23. Brookfield Reinsurance is not making any offer or invitation of any kind by communication of this news release and under no circumstance is it to be construed as a prospectus or an advertisement. subscription, Print The forward-looking statements contained in this press release are made as of the date of this press release, and Brookfield Renewable expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. Brookfield Infrastructure will file an early warning report, pursuant to National Instrument 62-103, in respect of its acquisition of Inter Pipeline Shares. EIG is among the largest specialist investors in energy and infrastructure globally and has had an established presence in Australia since 2000. For more information, go to https://brookfield.com. You can manage them any time by clicking on the notification icon. Brookfield acquires Data4 for a reported $3.8 billion. You should carefully consider the foregoing factors and the other risks and uncertainties that affect Tritons business described in the Risk Factors and Cautionary Note Regarding Forward-Looking Statements sections of its Annual Report on Form 10-K and other documents filed from time to time with the U.S. Securities and Exchange Commission (the SEC), and BIPCs business described in the Risk Factors and Forward-Looking Statements sections of its Annual Report on Form 20-F, all of which are available at www.sec.gov. The potential deal follows corporate results that show a return to hefty profits for insurers after they took a hit last year as claims rose due to the economic disruption caused by the COVID-19 pandemic. To find out more about the cookies and data we use, please check out our, Dear Reader, please register to read gulfnews.com, Password should have minimum 7 characters with at least one letter and number, Digital Brookfield Asset Management. The total consideration of $85.00 per Triton common share (Triton Share) will consist of $68.50 in cash and $16.50 in BIPC class A exchangeable shares (BIPC Shares) (NYSE: BIPC, TSX: BIPC). The proposed investment in new-build renewables for Origin Energy Markets would represent approximately one-fifth of the new utility-scale renewable capacity identified by the Australian Energy Market Operator that is required to be developed across the National Electricity Market (NEM) through to 2030. The company's DTLA REIT, formed in 2013 after Brookfield's $2B acquisition of office tower owner MPG Office Trust, has been considered a bellwether for the DTLA office market in the past 10 years. BROOKFIELD, NEWS, April 12, 2023 (GLOBE NEWSWIRE) -- Triton International Limited (NYSE: TRTN) (Triton or the "Company") and Brookfield Infrastructure Partners L.P. (BIP) (NYSE: BIP, TSX: BIP.UN), through its subsidiary Brookfield Infrastructure Corporation (BIPC) and its institutional partners (collectively, Brookfield Infrastructure), jointly announce a definitive agreement for Triton to be acquired in a cash and stock transaction valuing the Companys common equity at approximately $4.7 billion and reflecting a total enterprise value of approximately $13.3 billion. Brookfield Reinsuranceplansto build onAmerican Nationalsstrong track record of stable growth and disciplined underwriting. Origin shareholders approving the Scheme at a meeting of shareholders (Scheme Meeting); court and regulatory approvals including the, the issue of an Independent Experts Report that concludes that the Scheme is in the best interests of Origin shareholders; and. Davis Polk & Wardwell LLP is acting as legal advisor to Brookfield. The Tender Offer Statement and the Solicitation/Recommendation Statement will be made available for free at the SECs website at www.sec.gov. The deal is expected to almost triple Brookfield Renewable's capacity in the US to around 31GW. Al Nisr Publishing LLC 2023. The Canadian asset . subscription, Brookfield explores counterbid for Middle East payments firm Network International, Dubai's Network International to complete $100m share buyback programme in 2023. Brookfield is determined that the new Origin Energy Markets will lead the way in all respects at this critical moment for the Australian economy., LNG will be critical in delivering energy transition targets, and this transaction is a compelling opportunity to accelerate EIGs strategy of gaining exposure to high quality LNG assets around the globe. The . Copies of documents filed with the SEC by Triton will be made available free of charge on Tritons investor relations website at https://tritoninternational.com/investors. ConocoPhillips, already a 47.5% owner in APLNG, is the current downstream operator and intends to take over upstream operatorship of APLNG. Institutional investors committed US$15 billion, making it the largest fund ever raised to support the transition to net zero. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as plans, targets, expects or does not expect, is expected, should, an opportunity exists, is positioned, estimates, intends, assumes, anticipates or does not anticipate or believes, or variations of such words and phrases or state that certain actions, events or results may, could, would, might, will or will be taken, occur or be achieved. For investor-related information, please email:
[email protected]. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. The Scout and Standard Solar acquisitions follow a string of recent clean energy investments by Brookfield Renewable in North America during 2022, including a $650 million acquisition of Urban. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. A 4.5 cents per month ticking fee, accruing on a daily basis, will be payable if implementation of the Scheme is delayed beyond November 30, 2023. There can be no certainty that any offers will be made, Network International said in its Thursday statement. Upon issuance, these new preferred securities would be redeemable at par, at the option of Brookfield Asset Management, to the extent Brookfield Business Partners completes asset sales or equity issuances. 5US$904 million of calendar 2023 receipts from Australia Pacific LNG have been hedged to Australian dollars at an average rate of 0.69 and are included in the Australian dollar component of the total consideration. We look forward to working with all stakeholders to help facilitate Australias energy transition, to bring stable and affordable gas supply to the domestic market and to provide a reliable supply of LNG to the region for decades to come., Following further discussions with the Consortium on its revised proposal announced onFebruary 22, 2023, the consideration mix has been amended to comprise $5.78 per share and US$2.19 per share and applies equally to all shareholders.2, Based on an assumed AUD/USD exchange rate of 0.70, this implies a total consideration of $8.912 per share.3. Certain of the information contained herein is based on or derived from information provided by independent third-party sources. Further information is available at https://bip.brookfield.com. GrafTech International acquired by Brookfield Asset Management. All rights reserved. Brookfield acquires controlling stake in India's CleanMax Solar for $360 mln. Source: Brookfield Asset Management Reinsurance Partners Ltd. Management Information Circular and Proxy, Evolving to offer the best of both worlds. Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: the impact or unanticipated impact of general economic, political and market factors in the countries in which we do business; including as a result of the ongoing novel coronavirus (SARS-CoV-2) pandemic, including any SARS-CoV-2 variants (collectively, COVID-19); the behavior of financial markets, including fluctuations in interest and foreign exchange rates; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; strategic actions including dispositions; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the ability to appropriately manage human capital; the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation within the countries in which we operate; governmental investigations; litigation; changes in tax laws; ability to collect amounts owed; catastrophic events, such as earthquakes; hurricanes and pandemics/epidemics; the possible impact of international conflicts, wars and related developments including Russias military operation in Ukraine, terrorist acts and cyber terrorism; and other risks and factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States.