Brookfield Asset Management to spin off and list unit: Reuters
Brookfield Asset Management said it would spin off 35 percent of Brookfield Business Partners LP, which will own almost all of the asset manager's business services and industrial operations assets, Reuters reported. The Toronto-based firm said it would spin off the business by distributing a special dividend of about US$500 million, or 50 cents per share, to its shareholders in the form of partnership units.
7 October 2015•1 min read
