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Brookfield Asset Mangement (BAM) nears a deal with China Investment Corp. to sell a 12.5% stake...
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Tuesday, November 6, 2012, 11:13 AM ETBrookfield Asset Mangement (BAM) nears a deal with China Investment Corp. to sell a 12.5% stake in its Canadian timber assets for about $100M, according to sources. Brookfield has made clear it intends to monetize these assets and has found a willing buyer in CIC which has made clear its desire to shift investments from paper to real things.
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