Economy · World
Brookfield Acquires Australian Assets, Recapitalizes UK Resort
Brookfield Asset Management has agreed to acquire Australian company Reliance for $2.9 billion. Separately, Brookfield has recapitalized UK resort operator Center Parcs at a valuation of $6 billion. The Australian Financial Review reported that Reliance's backing for a $4.1 billion takeover was its fourth attempt, implying prior unsuccessful bids.
How outlets across the spectrum covered it
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- Centre (4): Australian Financial Review, Bloomberg, Reuters, The Wall Street Journal