Brookfield increases stake in CWC Energy Services to 70 pct
Brookfield Asset Management's private equity group has acquired additional shares in CWC Energy Services Corp (TSX-V: CWC), a Calgary-based provider of well services to oil and natural gas exploration and production companies operating in the Western Canadian Sedimentary Basin. Brookfield bought 8.1 million of the company's common shares for $0.12 per share. As a result, it now owns approximately 70 percent of current issued and outstanding common shares. CWC was founded in 2005 and has been backed by Brookfield since 2007.
14 December 2015•3 mins read
