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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