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Brookfield in talks to acquire stake in Intellihub: Bloomberg

Brookfield Asset Management is in talks for a deal to acquire a stake in Australian residential energy metering business Intellihub Group, Bloomberg reported.

Brookfield Asset Management is in talks for a deal to acquire a stake in Australian residential energy metering business Intellihub Group, Bloomberg reported. The firm is the likely winner of an auction to buy an interest in Intellihub from its existing backer Pacific Equity Partners. The company could fetch an enterprise value of about A$3 billion ($2.1 billion) in a deal.

Source: Bloomberg