How Canada’s Brookfield snatched bargain assets amid Brazil panic

Rampant corruption scandals and a deep recession soured many foreign investors on Brazil in recent years, but one Canadian group saw opportunity.

Brookfield Asset Management Inc (BAMa.TO) and its subsidiaries have made nearly a dozen major acquisitions there since 2013. The companies have spent about $10 billion on energy, infrastructure and real estate assets few others would touch due to the legal, political and economic risks involved.

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