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Brookfield to buy majority stake in Oaktree Capital for $4.8bn

Mar 14, 2019 - Marketline Newswire
Mergers and Acquisitions

Canada's Brookfield Asset Management has agreed to acquire a stake of around 62% in US-based Oaktree Capital Group in a stock-cash transaction worth around $4.8bn.

The balance stake will be owned by Oaktree shareholders, comprising its founders, and some of its management and staff.While Brookfield focuses on real estate, renewable power, infrastructure and private equity, Oaktree prioritises investments in credit, private equity, real assets and listed equities.Oaktree has operations in 1...