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Brookfield said to be in talks to buy Blackstone's Center Parcs

It's offering £2.4b to acquire UK holiday-resort operator, sources say

Published Sun, May 31, 2015 · 09:50 PM
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London

BROOKFIELD Asset Management Inc, Canada's largest alternative asset manager, is in talks to acquire holiday-resort operator Center Parcs UK Group from Blackstone Group LP, people with knowledge of the matter said.

Brookfield's offer of about £2.4 billion (S$4.9 billion) topped bids from others, including groups led by Canada Pension Plan Investment Board and CVC Capital Partners, the people said, asking not to be identified discussing private information. Blackstone could reach an agreement to sell the business very soon.

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