|28 July, 2019

Canadian asset manager in talks to invest $1bln in Meraas' unit

Brookfield manages 2,000 assets across 30 countries in the five continents

Meraas unveils plans for ‘Central Park’ neighbourhood at City Walk. Image used for illustrative purpose.

Meraas unveils plans for ‘Central Park’ neighbourhood at City Walk. Image used for illustrative purpose.

Meraas / Handout via Zawya

UAE – Mubasher: Canada’s Brookfield Asset Management is planning to buy a $1 billion stake in one of Meraas Holding’s unit, according to Al-Bayan newspaper.

Informed sources revealed that the deal is still under negotiations, the Emirati newspaper added, quoting Bloomberg.

Brookfield manages 2,000 assets across 30 countries in the five continents, as per the Canadian company’s website.

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