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

Nov 9, 2026, 10:06 PM ETDealRead the original at newswire.ca

Neutral

Brookfield agreed to sell half of Enercare and will continue working with PSP on the business. The $1.6 billion price covers Brookfield and its partners, but the source gives no split or sale gain, so it shows no clear change to Brookfield's outlook.

BAM · Brookfield Asset Management

AI read · Neutral

The AI's read

The deal would turn some of Brookfield's Enercare ownership into sale proceeds, but Brookfield is selling alongside institutional partners. The source does not say how much Brookfield itself receives or whether it sells for more than it paid. Brookfield will also work with PSP on Enercare, so the news does not show a clear change in Brookfield's outlook.

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