Latest news with #Brookfield
Edmonton Journal
a minute ago
- Business
- Edmonton Journal
'Solving all the world's problems': Ford stayed up late with Carney for fireside chat at Muskoka cottage
Article content Ontario Premier Doug Ford said he stayed up late, talking with Canadian Prime Minister Mark Carney and 'solving all the world's problems' on Monday night. Article content Canadian premiers are in Ontario's cottage country in the Muskoka region this week for a three-day summit that is coming to an end today. Carney attended the meeting on Tuesday at the Deerhurst Resort to update the premiers on trade negotiations with the United States, according to the prime minister's office. They also discussed Canadian wildfires and other major projects that were to be completed in the country. Article content Facing a shifting trade landscape, the premiers and I are focused on what we can control — working together to get major projects off the ground, break down trade barriers, and build a stronger Canadian economy. — Mark Carney (@MarkJCarney) July 22, 2025 Article content Article content 'So, full disclosure, prime minister stayed at my place. We had dinner. We're up till 12:30 at night, chatting in front of the fireplace, solving all the world's problems,' said Ford. Article content Quebec Premier François Legault, who was also at the press conference, interjected. 'And you got a very nice small chalet,' he said, winking and smiling. Article content 'Yeah, yeah, I have a little shack, down the street there,' said Ford. 'And you know what it is? I'm just telling you — and I haven't known him for long — the prime minister is just the most humble person you'd ever want to meet.' Article content Ford proceeded to praise Carney and his accomplishments, saying that the prime minister had impressive roles at institutions like Brookfield, Bloomberg, the Bank of Canada and the Bank of England. Article content Article content 'He has never said that in the entire time I've known him,' said Ford. 'He doesn't do that. He's very humble. He listens. He's a smart business person.' Article content Article content Ford said he would tell business owners to 'hand over' the keys to their business to Carney because he's 'business-minded.' Article content 'He has his hands full because of the last 10 years of what has happened in our country. He's playing cleanup right now and we're going to be there to support him. But he's a very good man. He's off to a good start. He's an honest man, too. He just wants the best for for Canada,' said Ford. Article content 'He's given it everything he possibly can. And I think that's a consensus around the table. He's trying. He's a very smart, shrewd businessman.' Article content
Reuters
a day ago
- Business
- Reuters
Billionaire Ortega buys stake in UK's PD Ports from Brookfield
July 22 (Reuters) - Zara founder Amancio Ortega's investment vehicle Pontegadea Inversiones has agreed to acquire a 49% stake in PD Ports from Brookfield Asset Management ( opens new tab, the British ports and logistics company said on Tuesday. Brookfield will remain invested in the business as a long-term shareholder, PD Ports said without disclosing the terms of the deal. PD Ports operates across 11 locations in the UK, including Teesport and Hartlepool. PD Ports and Brookfield did not immediately respond to Reuters requests for further details on the sale.
Bloomberg
a day ago
- Business
- Bloomberg
Zara Billionaire Ortega Buys Stake in PD Ports From Brookfield
Inditex SA founder Amancio Ortega's family office agreed to buy a 49% stake in the UK's PD Ports from Brookfield Asset Management for an undisclosed amount. Brookfield will remain 'invested in the business' as a 'long-term shareholder,' according to a statement on PD Ports' website. The asset manager, which bought the company in November 2009, had sought and abandoned the sale of the firm in 2021, the Financial Times reported at the time.
Mint
3 days ago
- Business
- Mint
Should stock market investors invest in InvITs? LGT Wealth's Vislavath answers
As markets lurch from optimism to uncertainty, Indian family offices are quietly rewriting their investment playbooks. There is a gradual shift to private markets from traditional equity-debt allocations, not as fringe experiments but as core holdings that deliver stability, yield, and long-term purpose. As Indian family offices and institutional portfolios become more sophisticated, the hunt for reliable, inflation-resilient income has intensified. In current landscape, one asset class that is quietly gathering momentum is Infrastructure Investment Trusts (InvITs). Infrastructure Investment Trusts (InvITs) are specialized investment vehicles that own & manage infrastructure assets like roads, power plants, transmission lines, warehouses, ports, etc. They pool capital from a diverse base of investors, including institutional entities and individual investors. They can be traded publicly on stock exchanges or privately held. India now hosts ₹ 7 lakh crore in InvIT assets, mostly across roads, telecom infrastructure, power transmission and renewables. What began as a regulatory experiment in 2014 has evolved into a yield-generating, low-volatility access point to long-duration, operating infrastructure assets. Recent policy tailwinds from the National Monetisation Pipeline to SEBI's liberalised listing rules have unlocked new issuance, including fibre and solar-backed InvITs. Predictable Yields : Investors receive regular distributions sourced from toll collections, regulated tariffs, or long-term PPAs. Listed InvITs typically yield 8-11%, while privately placed trusts offer 12-14%+ often with seniority, asset security, and downside protection built in. : Investors receive regular distributions sourced from toll collections, regulated tariffs, or long-term PPAs. Listed InvITs typically yield 8-11%, while privately placed trusts offer 12-14%+ often with seniority, asset security, and downside protection built in. Asset-Backed Stability : Backed by operating assets, not forward bets and with limited correlation to equity market drawdowns. SEBI regulations mandate80% of an InvIT's total assets must be in completed and revenue-generating infrastructure projects. : Backed by operating assets, not forward bets and with limited correlation to equity market drawdowns. SEBI regulations mandate80% of an InvIT's total assets must be in completed and revenue-generating infrastructure projects. Access to Scale : Emerging private InvITs allow co-investment into large, institutional-grade infra pipelinesbacked by seasoned sponsors - Brookfield, Reliance, KKR, GIC, NHAI - who are increasingly monetising mature assets via these vehicles. : Emerging private InvITs allow co-investment into large, institutional-grade infra pipelinesbacked by seasoned sponsors - Brookfield, Reliance, KKR, GIC, NHAI - who are increasingly monetising mature assets via these vehicles. Diversification within Alternatives: Complements private credit, equity and RE by offering real asset-backed income with longer duration. When evaluating an InvIT, consider the quality of underlying assets, longer concession periods, and low Loan-to-Value (LTV) for stability. A strong dividend yield, robust asset pipeline, and solid Net Asset Value (NAV) indicate good returns and growth potential. Lastly, a reputable sponsor adds credibility and low execution risk ensuring timely execution and boosting investor confidence. InvITs allow retail investors to access large infrastructure projects with several benefits: low entry cost, stock exchange listing for liquidity, regular NAV disclosures for transparency, and strong SEBI regulation mandating 90% income distribution and limiting leverage. What's exciting isn't just the scale - it's the category evolution: Telecom Infrastructure InvITs, like Digital Fibre Infra Trust and Altius Telecom Infrastructure Trust are gaining traction on the back of 5G rollout, cloud migration and growing telecom subscribers base. Renewables InvITs , such as Virescent and Anzen Energy Yield Plus, are helping global capital tap India's green energy transition. , such as Virescent and Anzen Energy Yield Plus, are helping global capital tap India's green energy transition. Hybrid InvITs now blend toll roads, solar parks, and power lines in a single vehicle -offering diversified real asset exposure with a single cheque. These are not beta plays on infra development. These are cash-generating assets that already exist and operate, offeringvisibility, durability, and yield-three qualities hard to come by in public markets today. In fact, some global family offices and pension funds now allocate 10-15% of their India alternatives to InvITs and yield infra platforms. Yet domestic allocations still lag far behind -perhaps not for long. In a crowded alternatives market, InvITs are no longer just infrastructure finance vehicles - they are real assets with real income potential. As India builds its roads, wires, and towers, InvITs offer investors a chance to not just watch but earn from the country's growth story. The author, Rajini Vislavath, is the CIO of Alternative Investment at LGT Wealth India. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making investment decisions.
Reuters
5 days ago
- Business
- Reuters
Breakingviews - UK's nuclear push may hand investors a cushy deal
LONDON, July 18 (Reuters Breakingviews) - Brookfield's ( opens new tab reported plan to take a 25% stake, opens new tab in the Sizewell C nuclear project would mark a big vote of confidence in Britain's atomic energy revival. But while it suggests that private capital could play a role in funding the country's energy security, taxpayers are likely to take much of the risk. The Canadian giant is no stranger to infrastructure, but nuclear power comes with high upfront costs, delays and cost overruns. Sizewell C could cost up to 40 billion pounds ($54 billion) to build, the Financial Times says, up from the latest government estimate of 20 billion pounds. Britain's track record is far from reassuring. Take Hinkley Point C, which was majority owned by EDF. Construction begun in 2017 and was originally expected to be completed in 2025 and cost 18 billion pounds. It is now unlikely to be operational before 2030, with the overall cost revised to up to 35 billion pounds in 2015 prices. EDF had little protection against those delays as the chief backing it got from the government came from energy price commitments, which kick in when the plant is running. Bringing in private investors may therefore require a new approach. That's why the government passed legislation in 2022 so that the Sizewell C plant will be financed via a model, opens new tab seen in utilities like water companies or energy networks, dubbed the regulated asset base (RAB). That model fixes an allowed return to investors by passing on costs to consumers. Crucially, it allows a project to generate revenue from the moment construction begins, instead of only when it becomes operational. The closest precedent is probably London's Thames Tideway Tunnel, which funded the construction of a new sewer. There, consumer bills are charged enough to cover a blended return to debt and equity investors, or weighted average cost of capital (WACC), of 2.5% over inflation while the project is under construction. Given the risks in nuclear, industry experts reckon a WACC of 4% above inflation is more likely, equivalent to a nominal rate of 6%. And, as with Thames Tideway, nuclear plants will likely require a commitment from the government for it to compensate investors if cost overruns exceed a certain threshold. That's means the RAB model could easily end up becoming pretty expensive. The National Audit Office's modelling suggests that the WACC of a hypothetical nuclear project could rise to 9% if expenses were to come over budget by between 75% and 100%. As Hinkley point showed, that's quite plausible. UK Prime Minister Keir Starmer may not have much choice. The government says, opens new tab it needs new nuclear power stations to help its transition to net zero and ensure energy security threatened by Russia. And Chancellor Rachel Reeves will be loathe to fund them all on balance sheet, given the country's fiscal state. Brookfield's interest shows that institutional investors may be able to step up. But while the financing looks 'private', the real backstop is public. Follow Yawen Chen on Bluesky, opens new tab and LinkedIn, opens new tab.
