Brookfield Asset Management to Acquire Odebrecht’s Olmos Concessions (Latin America)
Source: Odebrecht Latinvest, Reuters
Brookfield Asset Management and France-based industrial services and solutions company Suez have agreed to acquire Peru-based water infrastructure concessions H2Olmos and Concesionaria Trasvase Olmos from Odebrecht Latininvest, a subsidiary of Brazil-based engineering group Odebrecht. Both concessions form part of the Olmos project, which consists of a trans-Andean water transfer tunnel and related infrastructure for irrigation and hydroelectric power generation. Brookfield will invest through Brookfield Infrastructure Partners. Financial details of the transaction, which is subject to creditor and government approval, were not disclosed.