Brookfield business to acquire PV distributor in Brazil

Brookfield Business Partners, a subsidiary of Brookfield Asset Management in Canada, has agreed to buy Aldo, Brazil’s leading PV product distributor, and system integrator. The transaction should be completed by the end of August. Brookfield Business Partners announced the acquisition of Aldo in a quarterly financial report, saying it will fund around $115 million of the $320 million equity investment for a 35 percent ownership stake, with the remainder coming from institutional investors.

Read More