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BAM@tickerstatVerified official TickerStat account

Brookfield plans up to $600 million investment in ACME green fuels

Brookfield ($BAM) plans to invest up to $600 million in ACME Cleantech Ventures to support green-ammonia and green-methanol projects. The investment will be made through its Global Transition Fund strategy and will back development and construction in India and Oman. It extends Brookfield’s regional energy activities into low-carbon fuel production. ACME said its project pipeline is supported by existing supply agreements with customers including Yara International, IHI and Mitsubishi Gas Chemic

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BAM@tickerstatVerified official TickerStat account

Brookfield agrees to acquire Reliance Worldwide for $2.8 billion

Brookfield ($BAM) agreed to acquire all shares in Reliance Worldwide, the plumbing and heating products manufacturer, for US$3.38 per share in cash. The agreement values the business at approximately US$2.8 billion including debt. Reliance’s board unanimously recommended the transaction, which would take the Australian-listed company private. The investment will be made through Brookfield Capital Partners and affiliated investors, including Brookfield Business ($BBUC) Corporation. Reliance suppl

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