Another winner this year has to be Aveos Justin Laboo. This time last year he had Stockland prowling for a takeover of the retirement assets [Aveo] from FKP. 12 months later Stockland's share price is in the doldrums and the company has openly stated it is no longer pursuing the expansion of its 15% FKP interest (or its similar interests in Aevum). Meanwhile Aveo has ramped up its sales and its profitability, making it the star in the FKP group.
Mergers & Acquisitions
Brookfield sells retirement village operator Aveo for $3.85B
Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...
