Brookfield Nears Deal for Controlling Stake in XpFibre Within Weeks
Updated
Updated · Bloomberg · Jun 19
Brookfield Nears Deal for Controlling Stake in XpFibre Within Weeks
1 articles · Updated · Bloomberg · Jun 19
Summary
Brookfield Asset Management has emerged as the leading bidder for a controlling stake in Patrick Drahi’s French fiber-optic company XpFibre, with talks now at an advanced stage.
People familiar with the matter said the New York-based investment firm has pulled ahead of rival bidders as negotiations shift to deal terms.
An agreement could be reached in the coming weeks if the private talks hold, marking a potential new investment in French telecom infrastructure.