On August 5, Brookfield Corp rose 3.03% in regular trading, trading at $44.82/share, with turnover of $142 million.
On the news front, Brookfield announced on August 3 the completion of its acquisition of the remaining 26% stake in global credit management firm Oaktree Capital for approximately $3 billion. The deal, first disclosed in October of last year, marks the full integration of Oaktree into Brookfield's platform, creating a combined global credit business with approximately $365 billion in total assets under management spanning opportunistic credit, real asset credit, asset-backed finance, and corporate performing credit.
The acquisition makes the United States Brookfield's largest market by both employee base and revenue, contributing over 60% of staff and nearly half of total revenue. Oaktree's presence across 18 countries further expands Brookfield's global footprint. The move deepens a partnership initiated in 2019 and reinforces Brookfield's position as one of the world's largest alternative asset managers.
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