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Brookfield in talks to acquire La Trobe Financial: Bloomberg

Brookfield Asset Management is in talks to acquire one of Australia’s largest non-bank lenders, La Trobe Financial, from Blackstone, Bloomberg reported.

Brookfield Asset Management is in talks to acquire one of Australia’s largest non-bank lenders, La Trobe Financial, from Blackstone, Bloomberg reported. La Trobe has more than A$13 billion ($9.5 billion) in assets. The company was weighing a potential sale or initial public offering last year that could have valued it at more than A$2 billion, Australian Financial Review reported.

Source: Bloomberg