News Formal

Brookfield to invest up to US$700M in U.S. recycling business - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 50%

United States News News

United States United States Latest News,United States United States Headlines

Brookfield Asset Management is making a foray into the recycling business, creating a new firm with an investment of as much as US$700 million through its sustainability fund.

Brookfield Asset Management Inc. is making a foray into the recycling business, creating a new firm with an investment of as much as US$700 million through its sustainability fund.

The new entity, formed from the merger of five of Closed Loop's portfolio companies, will handle paper, metal, glass, plastic, textiles and other materials in seven states, including New York and Texas. It will be the largest closely held recycling company in the U.S., according to a statement. Brookfield has invested US$200 million for a minority stake and committed as much as US$500 million more to help Circular Services pursue growth opportunities.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Brookfield to invest up to $700 million in U.S. recycling businessBrookfield Renewable Partners LP struck a deal with Closed Loop Partners LLC to establish a company called Circular Services. Read more.
Source: financialpost - 🏆 7. / 85 Read more »

Brookfield to invest up to $700 million in U.S. recycling businessBrookfield Renewable Partners LP struck a deal with Closed Loop Partners LLC to establish a company called Circular Services. Read more. I am going to give Washington Times $15,00,000 if they can pray for fighting stoppage programme....
Source: nationalpost - 🏆 10. / 80 Read more »