Brookfield in talks to acquire stake in BRK Ambiental: Reuters

Brookfield Asset Management is in talks to acquire a 30 percent interest in BRK Ambiental, a Brazilian water distribution, collection and treatment company, sources told Reuters.

A deal could value the stake at US$520 million, the report said. It is currently held by workers severance fund FGTS, which is managed by Caixa Economica Federal, a Brazilian state bank.

In 2017, Brookfield’s private equity group acquired a 70 percent interest in BRK, then known as Odebrecht Ambiental. The transaction reflected a total investment of US$908 million.