Posted Apr 4, 2023, 11:57 PM
April 4 (Archyde.com) – Canadian investment firm Brookfield Asset Management has suffered a setback in its plan to sell its 45% stake in French telecoms infrastructure group TDF, Les Echos newspaper reported on Tuesday, citing people aware of the question.
The discussions started several months ago with EQT did not succeed, forcing Brookfield to put the project on “pause”, writes the newspaper. EQT “did not manage to collect the promises of third-party partner investors”, according to unidentified sources, while an agreement in principle had been reached “on the value and all the parameters”.
Brookfield had mandated the banks Citigroup and Credit Suisse for this sale estimated at 8 billion euros.
(Written by Jean Terzian)
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