Brookfield Asset Management

Structure

For 2018, Brookfield's business is divided into several divisions:

• Brookfield Infrastructure Partners,
• Brookfield Renewable Partners,
• Brookfield Property Partners и
• Brookfield Business Partners.

History

2022

Westinghouse sold for $7.88 billion

On October 12, 2022, the sale of Westinghouse Electric, which accounts for about half of the world's nuclear reactors, to a consortium of investors for $7.88 billion was announced. Read more here.

Purchase of CDK Global for $8.3 billion

On April 7, 2022, CDK Global announced that it had agreed to be acquired by investment firm Brookfield Business Partners in an $8.3 billion deal that would take the publicly traded major dealership software maker private. Read more here.

2018: $4.6 billion purchase from Toshiba of nuclear technology maker Westinghouse

In January 2018, Brookfield Business Partners announced that it had acquired 100% of Westinghouse from Toshiba for $4.6 billion. The deal will be approximately $1 billion financed by equity, $3 billion - by long-term debt financing. On August 1, 2018, Westinghouse Electric announced the completion of the transaction.

Brookfield Business planned to expand its presence in the field of nuclear power, where its business partners are already working. The US administration previously feared that investors from Moscow or Beijing would be interested in acquiring Westinghouse, which would undermine Washington nuclear power interests. The US authorities planned to maintain the company's connection with technology and the country's economy. US President Donald Trump has been in close contact with all potential Westinghouse buyers.

A little later that month, it became known that Toshiba Corp. will sell the rights to claim the assets of Westinghouse Electric to a consortium of investors led by the American hedge fund Baupost Group, as well as shares of Westinghouse-related companies to the Brookfield investment fund.

According to a Toshiba press release, the company sells claims on assets totaling about $8.1 billion for $2.16 billion. Toshiba expects to complete this transaction by the end of January 2018^[1].

1899: Founding a company in Brazil

In 1899, the São Paulo Tramway, Light and Power Company was founded in Brazil.

Notes