2023-06-01 07:44:34 ET
Brookfield Asset Management ( NYSE: BAM ) said Thursday it agreed to acquire a majority stake in Indian solar panel manufacturer CleanMax Enviro Energy Solutions for $360M.
Brookfield ( BAM ) did not disclose the size of the stake it bought, but the deal expands the company's presence in India, where it has invested billions in private equity and real estate.
CleanMax manages more than 1.6 GW/year of operating wind and solar projects as well as rooftop panels for corporate clients in India including Bengaluru airport.
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Brookfield buys controlling stake in India's CleanMax Solar in $360M deal