Brookfield investment unit to buy Australia's La Trobe in $1.1b deal

Brookfield investment unit to buy Australia's La Trobe in $1.1b deal

Australia. Photo by Josh Withers on Unsplash

Brookfield Asset Management Inc’s investment vehicle said on Friday it would buy asset manager La Trobe Financial in a $1.1 billion deal, as the Canadian alternative asset manager looks to expand into Australia.

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