Brookfield Asset Management And Its Institutional Partners, Including Its Listed Affiliate Brookfield Renewable, Entered Into An Agreement With CDPQ To Sell Its 25% Stake In First Hydro Company For An Undisclosed Amount
Portfolio Pulse from Benzinga Newsdesk
Brookfield Asset Management and its institutional partners, including Brookfield Renewable, have agreed to sell their 25% stake in First Hydro Company to CDPQ for an undisclosed amount.
September 24, 2024 | 8:35 am
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NEUTRAL IMPACT
Brookfield Asset Management is selling its 25% stake in First Hydro Company, which could impact its asset portfolio and cash flow.
The sale of a 25% stake in First Hydro Company by Brookfield Asset Management could affect its asset portfolio and cash flow. However, the impact on stock price is uncertain without knowing the sale amount.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Brookfield Renewable, a listed affiliate of Brookfield Asset Management, is involved in the sale of a 25% stake in First Hydro Company.
Brookfield Renewable's involvement in the sale may affect its operations or financials, but the lack of disclosed sale amount makes the short-term impact on stock price uncertain.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70