Brookfield Asset Management Reportedly Plans to Acquire GIC's Stake in Yes! Communities in $10 Billion Deal
MT Newswires Live
Yesterday
Brookfield Asset Management (BAM) is in discussions to acquire Singaporean sovereign wealth fund GIC's stake in Yes! Communities in a deal that could be worth more than $10 billion, multiple media outlets reported Sunday.
Talks between the companies are ongoing, but a deal is not guaranteed, according to reports.
Deal talks are underway as GIC anticipates a slump in H2 in tandem with rising inflation and volatility due to Singapore's domestic and geopolitical challenges, Bloomberg reported.
Brookfield and GIC did not immediately respond to requests for comment from MT Newswires.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.