Deals
Brookfield Said in Exclusive Talks to Buy Bharti Infratel
- Canadian asset manager offers around 400 rupees per share
- Brookfield seeks majority stake in Indian wireless tower owner
This article is for subscribers only.
Brookfield Asset Management Inc. has entered exclusive talks on a takeover of Bharti Infratel Ltd., India’s largest listed wireless tower owner, after submitting a bid valuing the company at about $11 billion, people with knowledge of the matter said.
Canada’s largest alternative asset manager offered to buy a majority stake in Bharti Infratel for around 400 rupees per share, the people said, asking not to be identified because the information is private. An investor group including KKR & Co., Canada Pension Plan Investment Board and Blackstone Group LP made an offer for a minority stake in the Gurgaon-based company, which is controlled by billionaire Sunil Mittal, according to the people.