Brookfield Asset Management Ltd. announced steps to enhance its corporate structure and position itself for broader equity index inclusion, particularly in the U.S. As part of this effort, BAM has changed its head office to New York.
BAM and Brookfield Corporation (BN) have entered into an agreement for BAM to own 100% of the asset management business. BN's current 73% interest will be held directly through ownership of approximately 73% of BAM's publicly traded shares.
This arrangement is expected to simplify the corporate structure, making it easier for investors to understand and value the security. It is also anticipated to enable BAM's market capitalization to accurately reflect the total value of the asset management business, which was approximately $85 billion based on current stock prices at the time of the announcement.
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