Canada’s Brookfield Asset Management Inc is considering spinning off its asset management unit at a valuation of $70bn to $100bn, according to a letter sent to shareholders on Thursday.
The newly spun-off company could also potentially attract interest from investors who do not want exposure to Brookfield’s other units, such as the reinsurance business launched last year, Flatt added.
Earlier on Thursday, the alternative asset manager reported a 74% jump in fourth-quarter profit applicable to common shareholders to $1.12 billion.
Read more: Reuters
