BBU - Report: Brookfield Asset Management Unit Mulling Sale of Greenergy Biofuel Business
A notable low-emission fuel asset might be on the market. On Friday, Bloomberg reported that "people familiar with the matter" claim that Brookfield Business Partners (NYSE: BBU) -- a separately listed unit of Brookfield Asset Management (NYSE: BAM) -- is considering a sale of its Greenergy biofuel provider headquartered in the U.K.
The article's sources say Brookfield Business Partners is working with Citigroup and HSBC Holdings to ascertain interest from potential buyers. This project is at an early stage, and there is no guarantee of a sale, or even an offer. No potential price for Greenergy was mentioned.
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Report: Brookfield Asset Management Unit Mulling Sale of Greenergy Biofuel Business