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Company News

Brookfield to take 45% stake in BrandSafway

Sept 30 (Reuters) - Investment manager Brookfield Business Partners LP said on Monday it will take a 45% stake in industrial services company BrandSafway from private equity firm Clayton, Dubilier & Rice.

While Brookfield did not disclose the total amount of its investment, the company said it will fund the deal with about $1.3 billion of equity. (Reporting by Arunima Kumar in Bengaluru; Editing by Shounak Dasgupta)

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