Brookfield Asset Management completed the acquisition of AusNet Services for $12.8bn.

Brookfield Asset Management, an alternative asset management company, completed the acquisition of AusNet Services, an Australian energy company, which is listed on the Australian Securities Exchange and the Singapore Exchange, for $12.8bn. Brookfield and its partners see control of the business as an opportunity to make AusNet a multi-decade investment platform, with plans to spend at least as much as the acquisition cost again on adding new electric generation to the network out to 2050, not including upkeep, said Stewart Upson, Brookfield’s managing partner and regional head of Asia Pacific. On November 1, 2021, Brookfield increasing it offer, valuing AusNet at an enterprise value of $12.8bn.