A consortium led by the Canadian company Brookfield Asset Management Ltd., which also includes the State Oil Fund of Azerbaijan (SOFAZ), is investing in the international educational company GEMS Education with headquarters in Dubai.
Prior to that, it became known that Brookfield Asset Management plans to invest about $ 2 billion in an educational company. No other details of the transaction were reported.
In addition to Brookfield and SOFAZ, the consortium also includes Dubai-based companies Gulf Islamic Investments and Marathon Asset Management. The transaction is expected to close in the third quarter, subject to regulatory and other customary conditions.
It should be noted that currently over 135 thousand students study at GEMS Education in more than 40 schools in the United Arab Emirates.
