Brookfield realizes gross proceeds of $66.7 mln on WEF secondary deal
The private equity division of Toronto-based Brookfield Asset Management received gross proceeds of $66.7 million upon completion of a secondary offering of part of its investment in lumber manufacturer Western Forest Products Inc (TSX:WEF). The firm disposed of 46 million units at a price of $1.45 per unit. Brookfield continues to hold 49% of the company's issued and outstanding common shares. Vancouver-based Western Forest Products was formed in 2004 as a result of Brookfield's acquisition of the bankrupt Doman Industries Ltd.
9 October 2013•5 mins read
