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Stock Market & Financial Investment News

News Breaks
January 3, 2014
08:50 EDTBAM, AIGAIG to sell Indian asset-management unit to Brookfield, Economic Times says
The private equity fund of American International Group (AIG) is closing its operations in India and has agreed to sell its asset-management business in the country to Brookfield Asset Management (BAM), according to Economic Times, citing a person with direct knowledge of the deal. Reference Link
News For AIG;BAM From The Last 14 Days
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January 23, 2015
08:03 EDTBAMBrookfield acquires remaining 50% interest in JV with Johnson Controls for $200M
Brookfield Asset Management (BAM) announced that it has reached an agreement to acquire the other 50% of its Canadian and Australian facilities management businesses from Johnson Controls (JCI) for approximately $200M. This acquisition will facilitate a merger with its wholly owned businesses in the Middle-East and South America as part of a broader plan to create the leading global facilities management business. With the termination of its joint venture agreements with Johnson Controls, Brookfield will immediately launch its facilities management businesses in scale in the United States and Europe, building on client relationships across its 340M square feet property portfolio.
January 21, 2015
05:12 EDTAIGAIG to acquire Laya Healthcare
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January 20, 2015
08:05 EDTAIGAerCap may consider stock buyback from AIG, Reuters says
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