PSP Investments will buy half of Enercare from Brookfield for about $1.6 billion, closing in early 2027.

Nov 9, 2026, 11:11 AM ETDealRead the original at newswire.ca

Neutral

Brookfield and its partners will sell half of Enercare for $1.6 billion, bringing in cash but reducing their ownership. Both sides will keep supporting Enercare, so the sale alone does not clearly change Brookfield's outlook.

BN · Brookfield Asset Management

AI read · Neutral

The AI's read

The sale turns part of Brookfield's Enercare ownership into cash, but also leaves it with a smaller share of future gains. Brookfield and PSP will keep supporting Enercare's growth and services in Canada. The deal still needs regulatory approval and is expected to close in the first half of 2027, so it is not complete.

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