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Brookfield may invest $1bn in GVK

Power & New and Renewable Energy
August 1, 2015August 1, 2015
Brookfield may invest $1bn in GVK
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Brookfield Asset Management, one of the world´s largest investors in infrastructure and real estate, is in talks to acquire a large stake in the debt-laden GVK Power & Infrastructure for as much as USD 1 billion. The transaction, which is not yet finalised, involves Brookfield investing USD 650 million through equity and USD 350 million in debt. The deal could be a game changer and the first instance of a big global investor snapping up India´s troubled infrastructure assets, a major part of the stressed loan portfolio of domestic banks.

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