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Brookfield Weighs Battery Maker Clarios IPO at $20 Billion Valuation

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Brookfield Asset Management Inc. is preparing to take car battery maker Clarios public about two years after buying it from Johnson Controls International Plc., according to people familiar with the matter.

The Canadian firm is considering an initial public offering for Clarios later this year, said the people, who asked to not be identified because the matter isn’t public.