Brookfield Asset Mangement (BAM) nears a deal with China Investment Corp. to sell a 12.5% stake...

|About: Brookfield Asset Managem... (BAM)|By:, SA News Editor

Brookfield 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.