Brookfield set to acquire World Freight Company in $1.2 billion deal, sources say

Brookfield Asset Management Ltd. Class A

Brookfield Asset Management Ltd. Class A

BAM

0.00

By Kane Wu

HONG KONG, May 14 (Reuters) - Brookfield Asset Management BAM.N is set to acquire World Freight Company for an enterprise value of about $1.2 billion from investment firms EQT EQTAB.ST and PAI Partners, two people with knowledge of the matter said on Thursday.

The firms have finalised discussions and a deal is expected to be announced as early as Thursday, the sources said.

Brookfield and EQT declined to comment while PAI did not immediately respond to a Reuters request for comment.

PAI and Baring Private Equity Asia (BPEA), which merged into Sweden-headquartered EQT in 2022, bought the cargo freight services provider in 2018 for an undisclosed amount and each owns 50%.

The deal was worth over 600 million euros, Reuters reported at the time.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.