Brookfield Asset Management (BAM) and its listed affiliate Brookfield Business Partners (BBU) said Monday that they completed the acquisition of Chemelex from nVent Electric for $1.7 billion.
Brookfield's investment was financed with about $830 million in equity, of which Brookfield Business Partners contributed around $210 million for a 25% stake, the companies said.
The balance was funded by institutional partners.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.