Market Chatter: Brookfield Asset Management Reportedly Mulling Sale of $2.22 Billion European University Housing Business
MT Newswires Live
Sep 10
Brookfield Asset Management (BAM) is considering a sale of International Campus, a European student housing business, Bloomberg reported Wednesday, citing people with knowledge of the matter.
Brookfield has appointed Morgan Stanley (MS) to advise on a potential sale of the company, which owns 20 properties with around 7,100 beds and is expected to attract bids in the region of 1.9 billion euros ($2.22 billion), the report said.
Brookfield and Morgan Stanley did not immediately reply to MT Newswires' request for comment.
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