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9 unusual facts about Brookfield Asset Management


Brookfield Asset Management

In January 2012, two hedge fund creditors, Trilogy Portfolio Co. and Canyon Value Realization Fund LP, in a loan with Brookfield, filed a lawsuit in Delaware Chancery Court in Wilmington asking that the court restrain Brookfield's attempt to acquire the Kerzner International properties from closing.

In 2012, Brazilian authorities announced that they were investigating allegations that an executive at Brookfield bribed São Paulo building officials to secure permits required for renovating three shopping malls.

As part of a number of purchases in 2007, Brookfield acquired Multiplex Group construction company for $6.1 billion and renamed it Brookfield Multiplex.

H. H. Couzens

Couzens resigned his positions as general manager of Toronto Hydro and of the TTC in 1924, and joined the Brazilian Traction, Light and Power Co. a Canadian-owned utility based in Brazil, with extensive holdings in South America, and later became vice-president of the company.

Hammerstone Project

Both Brookfield and the plaintiff spent much of 2011 arguing on whether the trial should be held in Ontario, where Brookfield Asset Management is incorporated, or in Alberta, where the assets are located.

The Birch Mountain Shareholders for Justice began working on their case and on September 22, 2010 a lawsuit against Brookfield Asset Management was filed with the Superior Court of Justice in Ontario, Canada.

Hay Point, Queensland

It is made up of two bulk coal terminals, Dalrymple Bay Coal Terminal, owned by Prime Infrastructure Holdings (formerly Babcock & Brown Infrastructure) and Brookfield Asset Management, and Hay Point Services Coal Terminal, owned and operated by a joint venture between BHP Billiton and Mitsubishi.

Steam donkey

Agreements have been made with forestland owner Island Timberlands (owned by Brookfield Asset Management) to log, mill, and sell trees and lumber from the surroundings of McLean Mill.

Vbuzzer

Softroute was sold in late 2011 to Brookfield Asset Management, a management company with a century of dealings in power, infrastructure, real estate and private equity.



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