Deals
Brookfield Weighs Stake Purchase in Meraas Retail Venture
- Canadian firm could invest up to $1 billion in new company
- Deal would be a vote of confidence in slowing Dubai economy
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Brookfield Asset Management Inc. is exploring a purchase of a stake in a new company that will hold some of Dubai property developer Meraas Holding’s retail assets, people familiar with the matter said.
The Canadian investment firm is considering putting as much as $1 billion in the venture, the people said, asking not to be identified as the information is private. No final agreements have been reached and the discussions may not result in a deal, they said.