Latest news with #BrookfieldAssetManagementLtd.
Economic Times
22-05-2025
- Business
- Economic Times
Brookfield eyes $100 bn portfolio in India; explores opportunities in nuclear power projects
Reuters This is a representational image Brookfield Asset Management Ltd., one of the largest investors in India's infrastructure sector, plans to cross the $100 billion investment mark in the country in the next five years and is open to backing nuclear power projects, a segment that has seen a policy push in recent months, said a senior company New York-headquartered firm also aims to double its nearly $1 trillion assets under management during this period.'We are believers in nuclear (energy). We do think it provides clean, dispatchable baseload power and that is beneficial to the stability and growing demands for energy around the world. We are invested in the nuclear sector on a global basis,' Connor Teskey, president, Brookfield Asset Management, said on said the demand for clean energy, including natural gas as a transition fuel and nuclear (energy), would only go up in the near the US, Brookfield owns Westinghouse Nuclear, a major player in the nuclear energy sector, providing nuclear power plants, fuel and services to utility customers worldwide. 'More than half the nuclear power generation assets around the world run on Westinghouse technology. We are a global supplier to the nuclear power generation sector. And as there are opportunities in different markets around the world, we assess those on an individual basis," Teskey the firm's investment strategy '3Ds' – decarbonisation, digitalisation and deglobalisation – he said these trends, which have driven a significant amount of growth in the past five years, will continue to offer a 'multi-decade runway in terms of growth opportunities'.Since 2014, the firm has deployed about $30 billion in the country in transactions such as the acquisition of ATC Towers, the telecom towers of Reliance Jio and the East-West Pipeline (formerly Reliance Gas Transportation Infrastructure) from Reliance Industries. Of this, $12 billion each has been invested in infrastructure and real estate, another $3 billion in renewable power and transition, and $3.6 billion in private equity and Brookfield Special Investments. Teskey said a combination of growth prospects in clean energy in India, the number of quality players and the government's ambition makes India poised to be the next clean energy superpower. 'We are keen on areas such as digital infrastructure, transportation infrastructure, utilities and power generation as well. We will look to invest in India very much in the same themes and focuses that we invest in around the world,' he said. The firm has invested heavily in data centres, telecom towers and fibre networks.'When it comes to other commodities, we're investors in midstream assets and utilities and transmission lines. And all of that will continue to be enhanced and built out in India as the economy continues to grow, both due to domestic demand and the growing role that it can play around the world,' Teskey Brookfield will focus on financial services and manufacturing sectors in India in the near future. 'India's rapidly growing middle class is a large consumer market. I would say those are probably where we will continue to focus. Most of the leading global multinationals do have large and growing presence in the country. We can build our own or operate assets to serve that corporate demand,' Teskey real estate, Brookfield is among the largest office owners and operators in India, with more than 55 million square feet across top nine office markets. It also owns Leela Hotels chain, which comprises 3,553 keys across 13 operational hotels, and is gearing up for a Rs 3,500 crore initial public ruled out major business disruptions due to the ongoing tariff wars and the consequent geopolitical uncertainties. 'We want to own high quality critical assets in markets that have strong tailwinds and the key themes and dynamics that we are investing in today completely overwhelm any short term uncertainty or headline noise,' he said. 'There has been some level of uncertainty around the world to start 2025, but it has had absolutely no impact on our willingness to deploy capital. That completely overwhelms any short-term noise."
Time of India
22-05-2025
- Business
- Time of India
Brookfield eyes $100 bn portfolio in India; explores opportunities in nuclear power projects
Brookfield Asset Management Ltd., one of the largest investors in India's infrastructure sector, plans to cross the $100 billion investment mark in the country in the next five years and is open to backing nuclear power projects, a segment that has seen a policy push in recent months, said a senior company executive. The New York-headquartered firm also aims to double its nearly $1 trillion assets under management during this period. 'We are believers in nuclear (energy). We do think it provides clean, dispatchable baseload power and that is beneficial to the stability and growing demands for energy around the world. We are invested in the nuclear sector on a global basis,' Connor Teskey, president, Brookfield Asset Management, said on Thursday. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like She Was The Dream Girl In The 90s, This Is Her Recently Learn More He said the demand for clean energy, including natural gas as a transition fuel and nuclear (energy), would only go up in the near future. In the US, Brookfield owns Westinghouse Nuclear, a major player in the nuclear energy sector, providing nuclear power plants, fuel and services to utility customers worldwide. Live Events 'More than half the nuclear power generation assets around the world run on Westinghouse technology. We are a global supplier to the nuclear power generation sector. And as there are opportunities in different markets around the world, we assess those on an individual basis," Teskey said. Terming the firm's investment strategy '3Ds' – decarbonisation, digitalisation and deglobalisation – he said these trends, which have driven a significant amount of growth in the past five years, will continue to offer a 'multi-decade runway in terms of growth opportunities'. Since 2014, the firm has deployed about $30 billion in the country in transactions such as the acquisition of ATC Towers, the telecom towers of Reliance Jio and the East-West Pipeline (formerly Reliance Gas Transportation Infrastructure) from Reliance Industries . Of this, $12 billion each has been invested in infrastructure and real estate, another $3 billion in renewable power and transition, and $3.6 billion in private equity and Brookfield Special Investments. Teskey said a combination of growth prospects in clean energy in India , the number of quality players and the government's ambition makes India poised to be the next clean energy superpower. 'We are keen on areas such as digital infrastructure, transportation infrastructure, utilities and power generation as well. We will look to invest in India very much in the same themes and focuses that we invest in around the world,' he said. The firm has invested heavily in data centres, telecom towers and fibre networks. 'When it comes to other commodities, we're investors in midstream assets and utilities and transmission lines. And all of that will continue to be enhanced and built out in India as the economy continues to grow, both due to domestic demand and the growing role that it can play around the world,' Teskey said. Additionally, Brookfield will focus on financial services and manufacturing sectors in India in the near future. 'India's rapidly growing middle class is a large consumer market. I would say those are probably where we will continue to focus. Most of the leading global multinationals do have large and growing presence in the country. We can build our own or operate assets to serve that corporate demand,' Teskey said. In real estate, Brookfield is among the largest office owners and operators in India, with more than 55 million square feet across top nine office markets. It also owns Leela Hotels chain, which comprises 3,553 keys across 13 operational hotels, and is gearing up for a Rs 3,500 crore initial public offering. Teskey ruled out major business disruptions due to the ongoing tariff wars and the consequent geopolitical uncertainties. 'We want to own high quality critical assets in markets that have strong tailwinds and the key themes and dynamics that we are investing in today completely overwhelm any short term uncertainty or headline noise,' he said. 'There has been some level of uncertainty around the world to start 2025, but it has had absolutely no impact on our willingness to deploy capital. That completely overwhelms any short-term noise."
Bloomberg
02-04-2025
- Business
- Bloomberg
Brookfield Is Said to Revive Talks on Potential Grifols Offer
Brookfield Asset Management Ltd. has revived talks with Grifols SA 's main shareholder about a potential offer for the Spanish blood-plasma company following a failed attempt last year, according to people familiar with the matter. Brookfield has been holding discussions with the Grifols family, the firm's majority owner, said the people, who asked not to be named. Talks are ongoing and it's unclear if Brookfield will go ahead with a formal offer.
Bloomberg
02-04-2025
- Business
- Bloomberg
Grifols Advances on Report Brookfield Restarted Deal Talks
Brookfield Asset Management Ltd. has resumed contacts with Spanish blood-plasma company Grifols SA on a possible offer that could be worth €7 billion ($7.6 billion) following a failed earlier attempt, El Confidencial reported. Grifols shares rose as much as 11.8% in Madrid on Wednesday, and were 11.4% higher as of 9:36 a.m. local time. Grifols declined to comment on the El Confidencial story.
Bloomberg
01-04-2025
- Business
- Bloomberg
Brookfield Buys Majority Stake in Mortgage Specialist Angel Oak
Brookfield Asset Management Ltd. has agreed to buy a majority stake in Angel Oak Companies, a mortgage lender and investor that manages over $18 billion, as the New York-based firm continues efforts to grow its private credit business. The asset manager will take a 50.1% stake in Angel Oak, offering its own investors access to the firm's residential mortgage credit business, according to an emailed statement. Angel Oak will still operate independently, with co-founders Sreeni Prabhu and Mike Fierman staying on as co-chief executive officers.
