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Brookfield in talks with Airtel for acquiring 51 per cent stake in Bharti Infratel

November 30, 2016
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Brookfield Asset Management Inc is reportedly in talks with Bharti Airtel for acquiring a 51 per cent stake in Bharti Infratel.

Brookfield along with a consortium of Blackstone, KKR & Co and CPPIB were in the race to buy around a 40 per cent stake in Bharti Infratel. However, Brookfield has reportedly submitted the highest bid for the stake.

Meanwhile, Bharti Infratel had a market value of about $10 billion as on November 29, 2016 and a 51 per cent stake in the company would be valued at about $5 billion. However, the details of Brookfield’s bid are not yet known.

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