finance

Canada's Brookfield Business Partners acquires Modulaire Group for $5 billion



© Reuters.

(Reuters) -Canada’s real estate service provider Brookfield Business Partners announced on Sunday an agreement to acquire UK-based Modulaire Group, which is backed by private equity firm TDR capital, for $5 billion.

Brookfield’s investment will be funded with about $1.6 billion of equity and the company intends to fund about $500 million, with the balance funded by institutional partners, the company said.

Modulaire Group, an infrastructure services company, said the transaction is expected to close in the fourth quarter.

Modulaire’s current management team will remain with the company following its acquisition by Brookfield Business Partners, the company said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.  Learn more