How Brookfield snatched bargain assets amid Brazil panic: Reuters
Rampant corruption scandals and a deep recession soured many foreign investors on Brazil in recent years, but one Canadian group saw opportunity, Reuters reported. Brookfield Asset Management and its subsidiaries have made nearly a dozen major acquisitions there since 2013. The firms have spent about US$10 billion on energy, infrastructure and real estate assets few others would touch due to the legal, political and economic risks involved. "A crisis is a good time to find value," said a person close to the group, who called Brookfield a "contrarian investor."
22 May 2018•4 mins read
