A sign of the Odebrecht SA construction conglomerate is pictured in Lima, Peru, June 28, 2016. REUTERS/Janine Costa

Brookfield in talks to buy Odebrecht’s Brazil toll roads: Reuters

Canada’s Brookfield Asset Management  is in talks with Odebrecht SA to buy seven Brazilian highways operated by the conglomerate’s transportation unit, sources told Reuters. Brookfield and Odebrecht signed an exclusivity agreement to negotiate the acquisition. Odebrecht has rights to operate 1,712 kilometres of seven different highways in five Brazilian states. One of the largest is the Rota das Bandeiras, in Sao Paulo, Brazil’s richest state. The source gave no details of the deal’s value.

Excavator loading dumper truck on mining site; Photo courtesy of guvendemir/E+/Getty Images

Glencore in talks with Canadian pension fund on royalties venture: Reuters

Mining giant Glencore Plc is working with a Canadian pension fund to create a standalone 50:50 joint venture for its portfolio of royalty assets, sources told Reuters. Reuters reported in May that Glencore had hired the Bank of Nova Scotia to sell its royalty assets, including one for the Antamina copper-zinc mine in Peru, which was expected to fetch up to US$250 million. It is now in talks to create a 50:50 venture for the assets with Ontario Teachers’ Pension Plan. A separate vehicle would help Glencore to secure supplies of copper, zinc and nickel for its trading unit. Both firms would also expand the portfolio by purchasing royalties from other miners’ operations, the sources said.

Standing Out From The Crowd; Photo courtesy of AndrewJohnson/E+/Getty Images

OMERS in talks with buyout firms about $3 bln Teranet sale: Reuters

Canadian pension plan Ontario Municipal Employees Retirement System has been talking with major U.S. and Canadian private equity firms about selling land registry company Teranet in a deal that could fetch about $3 billion, sources told Reuters. Carlyle Group and KKR & Co are among several buyout firms that have held discussions with Borealis Infrastructure Management, an investment division of OMERS that owns Teranet. In 2008, Borealis acquired then-publicly listed Teranet Income Fund for about $1.5 billion. Teranet Income Fund was spun off by the Ontario government in 2003.