Brookfield Corporation
Canadian asset management company
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2025 | Multiple Brookfield Asset Management entities were reported to be registered at a Bermuda address shared with a bicycle shop. Mark Carney defended the company's tax structure during his prime ministerial campaign. |
February 2025 | Brookfield Asset Management acquired Kemelex from Envent Elektric for $1.7 billion. |
January 2025 | Bought out partners CPPIB and AIMCo in the Maritime Life Building in Toronto. |
2024 | Brookfield Asset Management entered into an agreement with Microsoft to develop around 10.5 gigawatts of new renewable energy capacity. |
December 2024 | Brookfield bought US student-housing communities for $893 million, focusing on properties with growing student enrollment. |
October 2024 | Brookfield Asset Management outbid Segro to acquire European property company Tritax EuroBox for US$1.44 billion, including debt. |
September 23 2024 | Brookfield Asset Management announced raising $2.4 billion for its Catalytic Transition Fund (CTF), supported by the United Arab Emirates to enhance climate finance in emerging markets. |
June 2024 | Brookfield Asset Management ranks 24th in Private Equity International's PEI 300 ranking of the world's largest private equity firms. |
March 2024 | An article criticized Brookfield for its complex financial structure, highlighting circular cash flows and a potentially loss-making portfolio of over 200 malls and offices. |
October 17 2023 | Brookfield Asset Management's shares traded at $32.71 per share, with its market capitalization valued at over $54.23 billion on this date. |
June 2023 | The Centre for International Corporate Tax Accountability and Research released a report criticizing Brookfield's lack of transparency and tax avoidance practices. |
2022 | Brookfield Corporation reported annual financial results with revenues of $56,771 million, net income of $3,584 million, and total assets of $256,281 million. |
December 9 2022 | Company name changed from Brookfield Asset Management Inc. to Brookfield Corporation, with a 25% spin-off of the asset management business into Brookfield Asset Management Ltd. |
August 2022 | Intel signed a $30 billion partnership with Brookfield to fund chip-making facility expansions in Chandler, Arizona. |
April 25 2022 | Brookfield and Simon Property Group announced plans to offer to buy Kohl's. |
February 2021 | Mark Carney, Vice Chairman of Brookfield, retracted a previous claim about the company's $600 billion portfolio being carbon neutral, acknowledging criticism about the accounting of emissions. |
November 2020 | Brookfield was revealed to be potentially partnering with Rogers Communications to convert the Rogers Centre site into condominiums, reducing the stadium's space. |
October 2020 | Mark Carney, departing Governor of the Bank of England, became a vice-chair of Brookfield, leading the firm's ESG and impact fund investment strategy. |
October 2019 | Brookfield bought The Leela Palaces, Hotels and Resorts, an Indian luxury hotel chain, for US$530 million. |
July 31 2019 | Sale of Vodafone New Zealand Limited to a consortium comprising Infratil Limited and Brookfield Asset Management Inc. was settled. |
March 13 2019 | Brookfield Asset Management announced agreement to buy most of Oaktree Capital Management for about $4.7 billion. |
2018 | Brookfield Asset Management reported annual earnings of US$3.584 billion, with a revenue of $56.771 billion, representing a 39.2% increase from the previous fiscal year. The company's shares traded at over $38 per share, with a market capitalization exceeding $40.8 billion in November. |
August 2018 | Brookfield purchased Westinghouse Electric Company out of bankruptcy for $4.6 billion. |
August 2018 | Brookfield signed a 99-year lease on the 666 Fifth Avenue skyscraper owned by Jared Kushner, raising suspicions about potential influence from the Qatar Investment Authority. |
2015 | Brookfield Asset Management acquired control of Brookfield Johnson Controls, becoming the ultimate parent company of Brookfield Global Integrated Solutions (BGIS). |
May 2015 | Birch Mountain Shareholders for Justice filed a notice of appeal in their lawsuit against Brookfield Asset Management, which was subsequently dismissed two years later. |
2013 | A Brazilian prosecutor filed charges against Brookfield's local division, alleging bribery of local officials to facilitate a shopping center construction in São Paulo. The U.S. Securities and Exchange Commission and Department of Justice opened investigations into these allegations. |
March 2013 | The Southern Investigative Reporting Foundation published an analysis questioning Brookfield's corporate structure, alleging that a small group of shareholders hold outsized power. |
September 2010 | Birch Mountain Shareholders for Justice filed a lawsuit against Brookfield Asset Management in the Ontario Superior Court of Justice, challenging an acquisition and transfer of assets, alleging financial engineering in the acquisition of a $1.6 billion limestone quarry for $50 million. |
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