Brookfield seeks profitable turnaround
February 20, 2007 By Pulp & Paper Canada
Brookfield Asset Managements $2.15 billion offer for Longview Fibre, if accepted, could see the facility resold sh…
Brookfield Asset Managements $2.15 billion offer for Longview Fibre, if accepted, could see the facility resold shortly down the road.
According to a recent report by The Daily News, Reid Carter, a managing partner with Brookfield said of the offer, the goal is to own the manufacturing business, work very hard to improve it and see what kind of (sale) opportunities are out there. Its not our long-term goal to own Longview (Fibre) for more than 10 years. We do want to prove that it can be profitable. And the possibility of later selling it is out there.
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