Brookfield said to be in advanced talks to buy Hong Kong-based Trimco

Brookfield said to be in advanced talks to buy Hong Kong-based Trimco

Photo by Priscilla Du Preez on Unsplash

Brookfield Asset Management is in talks to acquire Hong Kong clothing label maker Trimco from private equity firm Affinity Equity Partners, Bloomberg News reported on Wednesday.

The firms are working up the details of a transaction that could value Trimco at as much as $1 billion, with Brookfield weighing potential financing banks for the deal that could lead to an agreement being reached in a few weeks, the report said. Talks are ongoing and could still face delays or fall apart, it added.

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