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Investing.com -- Brookfield is close to acquiring the remaining 26% stake in Oaktree Capital Management for approximately $3 billion, according to Bloomberg on Monday, citing people familiar with the matter.
The transaction, which could be announced as early as Monday, would give New York-based Brookfield Asset Management Ltd. and parent company Brookfield Corp. complete ownership of the distressed-debt specialist, the report said.
The deal values Oaktree at around $11.5 billion in total and is expected to close in early 2026, adding to Brookfield’s earnings, according to sources.
Brookfield initially purchased a 62% stake in Oaktree six years ago in a cash and stock transaction valued at approximately $4.7 billion. Since that acquisition, Oaktree has seen its assets under management increase by 75%.
The acquisition would further strengthen Brookfield’s credit business, which has become a significant growth driver for the company in recent years.
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