Brookfield Bullish on Brazil With Bolsonaro’s Pro-Business Bent

Brookfield Asset Management Inc., one of the world’s largest alternative asset managers, wants to capitalize on a wave of privatizations in Brazil as the new government of Jair Bolsonaro government moves to bring fiscal discipline to the country.

Brookfield’s various subsidiaries, including its infrastructure arm, have been actively investing in Brazil in recent years, including its acquisition, with a group of investors, of a Brazilian natural gas distribution business from Petroleo Brasileiro SA in 2016 for roughly $5.6 billion.

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