$BAM

Brookfield will invest up to $600M in ACME Cleantech Ventures to develop green ammonia and methanol projects in India and Oman. ACME has supply agreements with global firms like Yara International and Mitsubishi Gas Chemical. Brookfield aims to expand its presence in India's low-carbon fuels sector.

Brookfield Asset Management and CPP Investments launched the Maple Fund, a C$50 billion framework for large Canadian projects. No specific investments or fees are approved yet. Brookfield shares closed at $45.18, down 1.4%. The fund targets projects over C$5 billion, with no sector allocation specified. Brookfield's Q2 earnings showed $672 billion in fee-bearing capital and $808 million in fee-related earnings.

Brookfield has acquired a portfolio of 8 logistics warehouses from Marq Logistics for R$1.4bn, expanding its Brazilian logistics space by 56%. The properties, with a 79% occupancy rate, are located in São Paulo and Rio de Janeiro. Brookfield financed 70% of the deal through debt, aiming to capitalize on rising rents and renovate the properties.

Reliance Worldwide (ASX:RWC) shares rose 6.5% to A$4.61, a 1-year high, after Brookfield agreed to acquire the company for A$4.75 per share, valuing it at A$4.1 billion. The deal follows a challenging period with declining revenue and profit. Reliance Worldwide's directors endorsed the deal, which includes a 30-day go-shop provision.

Canada's Investment Summit showcased opportunities for foreign capital, including a nationwide internet network, private investment in major airports, and a productivity tax deduction. BCE Inc. plans to expand its data centre capacity, while Brookfield and CPPIB launch a $50-billion infrastructure fund. Major pension funds and banks also announced significant investments in Canada.

The first Canada Investment Summit resulted in nearly $500 billion in new investment commitments. Key participants included CPP Investments, PSP Investments, and major Canadian banks, with commitments in infrastructure, energy, and technology. The government also announced tax incentives and private investment in airports and critical sectors.

Canada Pension Plan Investment Board and Brookfield Asset Management Ltd. launched a $50B fund for large-scale Canadian investments. Each will contribute $25B over five years. The fund targets infrastructure, industries, and businesses. Prime Minister Mark Carney aims to attract $1T in new investment over five years.

Canada's investment summit highlighted challenges like interprovincial trade barriers and labour shortages, despite optimism from leaders. Key announcements included a $50B 'Maple Fund' by CPPIB and Brookfield for infrastructure. BCE Inc. plans $5B in AI data centres. Inflation remained at 3%. Global markets were muted.

Brookfield and Qatar Investment Authority bought a London office complex for $843M. The seller, Canary Wharf Group, used proceeds to repay debt. Barclays recently bought its HQ in the same area for $993M. JPMorgan and Blackstone have also been active in Canary Wharf office market.

Singapore real estate billionaire Lim Chap Huat and Soilbuild Group Holdings sued Brookfield Asset Management for alleged breaches of contract and confidentiality. The lawsuit involves Brookfield's $419M acquisition of three industrial properties, where Soilbuild claims Brookfield used its due diligence work without reimbursement or partnership.