Transactions - AUGUST 14, 2019

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Brookfield to buy Aveo Group in A$1.3b deal

by Andrea Zander

Brookfield Property has offered to buy the Australian retirement home operator Aveo Group in an A$1.3 billion ($880 million) deal, reported Bloomberg.

Aveo is an owner, operator and manager of 94 retirement and aged care communities across Australia, with communities located in Queensland, New South Wales, SA, Victoria and Tasmania.

Aveo’s board unanimously recommends the offer, the company said in a statement.



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