Brookfield Corporation announced it has received exemptive relief from the Ontario Securities Commission. This relief pertains to the requirement to obtain a formal valuation and minority shareholder approval for the arrangement to enhance the corporate structure of Brookfield Asset Management Ltd.
The arrangement was jointly announced by Brookfield Corporation and Brookfield Asset Management on October 31, 2024. This regulatory approval removes a potential hurdle for the planned corporate restructuring.
The exemptive relief facilitates the simplification of Brookfield Asset Management's corporate structure. This is a step towards positioning BAM for broader equity index inclusion and increased investor recognition.
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