Brookfield closes two transactions for $3.7 bln

Brookfield Asset Management has closed its sales of Longview Timber and Longview Fibre Paper and Packaging in two separate transactions for US$3.675 billion. Weyerhaeuser Corp. bought Longview Timber for US$2.65 billion, while KapStone Paper and Packaging purchased Longview Fibre Paper and Packaging for US$1.025 billion. Headquartered in Toronto, Brookfield is a global alternative assets manager.

24 July 2013•2 mins read
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