Brookfield to buy Brazil's Odebrecht Ambiental: Reuters

Canada's Brookfield Asset Management has signed a preliminary contract to buy Brazilian engineering conglomerate Grupo Odebrecht's 70 percent stake in water and sewage group Odebrecht Ambiental, a source told Reuters. The source said the deal was done at an equity value of 5.3 billion real (US$1.65 billion). Odebrecht Group will retain the right to develop water concession projects ‎outside Brazil and Brookfield will re-brand Odebrecht Ambiental. The deal is expected to be completed by the end of the year.

DealsCanadaNorth AmericaBriefs