Brookfield Asset Management Inc. is heading into Europe’s swelling market storm with its checkbook open.
As many of its rivals refrain from committing capital to the region amid an ever-growing list of risk factors, the US$725 billion Canadian investment giant is making plans to buy in sectors ranging from clean energy to technology, open new offices and raise fresh money.
At more than US$12 billion this year, Brookfield’s spending in Europe has already hit an annual record, data compiled by Bloomberg show, fueled by acquisitions of UK household repairs provider HomeServe Plc, property firms Hibernia REIT Plc and Befimmo SA and slate producer Cupa Group.
Read more: BNN Bloomberg
