Brookfield increases investment stake in Wilmington
Canadian alternative assets manager Brookfield Asset Management has acquired 611,220 shares of Wilmington Capital Management Inc for a consideration of $2,298,187. The transaction increases Brookfield's stake in Wilmington to a total of 1,286,220 shares, representing approximately 17 percent of total issued and outstanding shares. Based in Calgary, Wilmington is an investment firm that emphasizes activity in real estate and energy sectors. Update: It holds a 50 percent interest in Canadian energy-focused private equity investor Network Capital Management.
28 July 2014•2 mins read
