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Inside Brookfield’s decades-long bet on AusNet

Brookfield sees its acquisition as a long-term bet on Australia’s transition to net zero that will require huge amounts of capital.

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Having seemingly snared AusNet with a revised $10.6 billion bid on Monday, Brookfield’s local boss Stewart Upson quickly declared it to be a “forever asset”.

Now, forever is a relative term for an $850 billion giant like Brookfield, which is as adept at picking the right time to sell as it is at buying well.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
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    Original URL: https://www.afr.com/chanticleer/inside-brookfield-s-decades-long-bet-on-ausnet-20211101-p594zv