Brookfield has announced the agreement to acquire a 49% stake in Samhallsbyggnadsbolaget i Norden AB in sweden.

As a part of the transaction EduCo will enter into an asset management agreement with SBB, whereby EduCo will pay SBB 1.8% of the net operating income per annum. The transaction was valued at SEK9.2 billion (US$887 million) and SEK1.2 billion (US$115 million) through earn-outs.

J.P. Morgan Securities PLC is the sole financial advisor to SBB on the Transaction. Advokatfirman Vinge is legal advisor to SBB and Linklaters is legal advisor to Brookfield.

Brookfield offers a range of alternative investment products to investors around the world - including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.

SBB is the Nordic region’s leading social infrastructure player. The Company’s strategy is to long term own and manage social infrastructure assets in the Nordics and rent regulated residential assets in Sweden, and to actively work with asset development.