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Brookfield Set to Invest $559 Million in Canada’s TransAlta

Brookfield Asset Management Inc. will invest C$750 million ($559 million) in power producer TransAlta Corp. and nominate two directors to its board. Brookfield could also increase its stake in the Calgary-based utility to about 9 percent under certain conditions, according to a statement Monday. The deal allows Brookfield to convert its investment into an equity […]

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