Aveo Group (ASX:AOG) confirmed that the real estate investment arm of Brookfield Asset Management Inc. (TSX:BAM.A) is the preferred party with which the retirement-home operator is holding takeover talks. "Aveo continues to negotiate with Brookfield in respect of its indicative proposal with a view to entering into definitive agreements leading to a Scheme of Arrangement to give effect to the indicative proposal," the company said in a stock market announcement.
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5-day change | 1st Jan Change | ||
- AUD | -.--% | -0.47% | +33.75% |
06-20 | Brookfield Reportedly to Sell Retirement Village Operator Aveo | CI |
2023 | Chateraise Lakelands Golf Club Pty Ltd acquired Peregian Golf Course on the Sunshine Coast from Aveo Group Limited. | CI |
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