Brookfield Asset Management takes 12.13 percent stake in SunEdison unit

June 29, 2016 6:26 PM

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Brookfield Asset Management Inc (BAMa.TO) reported a 12.13 percent stake in TerraForm Power Inc (TERP.O), one of the two units of bankrupt solar company SunEdison Inc (SUNEQ.PK).

The Canadian asset manager said it acquired 11.1 million Class A common shares of TerraForm with economic exposure to about 24.82 percent shares under swap agreements.

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