Tag: #Brookfield Asset Management

WeWork

SoftBank Group plans to pull out $3 billion additional shares bid in WeWork.

March 18, 2020

SoftBank Group is contemplating retreating out of a $3 billion bid to buy additional shares in WeWork because it thinks the office-space sharing business has not fulfilled the conditions of the contract, said people familiar with the matter on March 17. The U-turn by SoftBank will be the latest blow to WeWork investors, who saw […]

SoftBank Group plans to pull out $3 billion additional shares bid in WeWork.more
IPO

Brookfield may merge its commercial properties into REIT to offer Initial Public Offering.

December 20, 2019

According to sources, In order to move into an initial public offering (IPO) to raise over a billion dollars (more than 7,000 crores in the current rates), Brookfield Asset Management could merge its commercial properties into a real estate investment trust (REIT). Brookfield’s Indian properties, which are 15-20 million square feet of commercial property, are […]

Brookfield may merge its commercial properties into REIT to offer Initial Public Offering.more