Deals
Brookfield Plans to Invest $500 Million in Leap Green
- Brookfield may have majority stake in Indian firm after deal
- Investment could accelerate Leap Green’s wind power expansion
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Brookfield Asset Management Ltd. is planning to invest about $500 million for a majority stake in Indian renewable power firm Leap Green Energy Ltd., according to people familiar with the matter.
If a deal is completed, Toronto-based Brookfield would likely own a majority stake in Leap Green, with the company’s founding family and global investor The Rohatyn Group holding the rest, the people said. An investment could boost Leap Green’s plans to expand its wind energy capacity in India, the people said.