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Brookfield Values Asset Management Spinoff at $80 Billion

  • Transaction calls for publicly listing 25% of that business
  • New entity to pay about 90% of annual earnings in dividends
Brookfield Asset Management Inc. said it plans to publicly list one-fourth of its asset-management business in a transaction that would value the new entity at $80 billion. 

Brookfield Asset Management Inc. said it plans to publicly list one-fourth of its asset-management business in a transaction that would value the new entity at $80 billion. 

Photographer: Lisa Maree Williams/Bloomberg
Updated on

Brookfield Asset Management Inc. said it plans to publicly list one-fourth of its asset-management business in a transaction that would value the new entity at $80 billion. 

The firm expects to publicly distribute 25% of the asset manager to its shareholders before year-end, Chief Executive Officer Bruce Flatt said in a letter to shareholders as the firm issued first-quarter earnings. The special distribution of shares will be around $20 billion, or $12 per share, he said.