Brookfield in takeover talks with retirement home operator Aveo
Aveo Group Ltd, a Sydney, Australia-based owner, operator and manager of retirement communities, said Brookfield Asset Management is the preferred party in the company's strategic review process. Aveo said it is negotiating with Brookfield Property Group, the Toronto-based alternative asset manager's real estate arm, about an indicative acquisition proposal with the view to entering a definitive agreement. The company will provide a further update later this month. Reuters reported a transaction would value Aveo at A$1.2 billion (US$844 million).
4 July 2019•1 min read
