(Reuters) - TORONTO, July 31 - Brookfield Asset Management Inc. will spin off a 60 percent stake in its infrastructure operations to its shareholders in a deal worth about $600 million, it said on Tuesday. Brookfield will create a new publicly traded partnership called Brookfield Infrastructure Partners L.P. and keep a 40 percent stake, spinning off the rest to existing Brookfield class A shareholders in a special dividend.
The company said the new partnership plans to seek a listing on the New York Stock Exchange.
Read more at Reuters.com Mergers News
The company said the new partnership plans to seek a listing on the New York Stock Exchange.
Read more at Reuters.com Mergers News
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