Brookfield gains after move to fully acquire Oaktree

Brookfield

13/10/2025 17:01

** U.S.-listed shares of investment firm Brookfield BN.TO up 3.9% at $44.71

** Co to buy the remaining 26% stake in U.S.-based asset manager Oaktree Capital Management for about $3 bln

** Brookfield Asset Management and its parent, Brookfield,  to fund $1.6 bln and $1.4 bln of the purchase price, respectively

** Co says Oaktree co-CEOs Robert O'Leary and Armen Panossian to lead Brookfield's credit business

** The deal is expected to close in the first quarter of 2026

** As of last close, stock up ~9.46% YTD

 (Reporting by Megha Kumari)

 ((Megha.Kumari@thomsonreuters.com;))