15:00:05 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Brookfield Asset Management Inc
Symbol BAM
Shares Issued 11,982,568
Close 2017-05-08 C$ 22.60
Market Cap C$ 270,806,037
Recent Sedar Documents

FP/wire say Brookfield Asset keen on Pearson sale

2017-05-09 07:28 ET - In the News

The Financial Post reports in its Saturday edition that Pearson International Airport is worth about $5-billion. A Bloomberg dispatch to the Post says the feds are considering a sale of at least a minority stake in the airport -- one of many options laid out in a report to government prepared by Credit Suisse Group AG. A federal advisory panel recommended last year that the government look at selling its airports, and the C.D. Howe Institute estimates privatization of the country's eight major airports could rake in between $7-billion and $17-billion, with Pearson alone fetching as much as $6-billion. Selling the airports would cut costs for travellers and create opportunities for more shops and services. The government has so far declined to release the Credit Suisse report. Selling slightly less than half of Pearson would be the easiest of several scenarios Credit Suisse presented to Prime Minister Justin Trudeau's government in a report last year. Sam Pollock at Brookfield Asset Management said there would be a "feeding frenzy" among institutional investors if airports were put up for sale. Mr. Trudeau downplayed airport sale expectations last month when he said he was more "interested in other things."

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