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Brookfield weighs bid for PAG-owned AirPower: Bloomberg

Brookfield Asset Management is considering bidding for AirPower Technologies, a Chinese industrial gases producer owned by buyout firm PAG, sources told Bloomberg.

Brookfield Asset Management is considering bidding for AirPower Technologies, a Chinese industrial gases producer owned by buyout firm PAG, sources told Bloomberg. The Toronto-based firm has held talks for some or all of AirPower’s assets with PAG, which is seeking a minimum valuation of about $10 billion. The valuation could up to $15 billion based on this year’s projected earnings.

Source: Bloomberg