Brookfield takes 12.13 pct stake in SunEdison unit: Reuters
Brookfield Asset Management Inc reported a 12.13 percent stake in TerraForm Power Inc, one of the two units of bankrupt solar company SunEdison Inc, Reuters reported. The deal makes the Canadian asset manager the biggest shareholder in TerraForm after BlueMountain Capital Management LLC. David Tepper's hedge fund Appaloosa Management LP also has a stake in the company. SunEdison, once the fastest-growing U.S. renewable energy company, filed for Chapter 11 bankruptcy protection in April.
29 June 2016•2 mins read
