07:18 AM EST, 02/03/2025 (MT Newswires) -- Brookfield Asset Management ( BAM ) and its listed affiliate Brookfield Business Partners ( BBU ) said Monday that they completed the acquisition of Chemelex from nVent Electric for $1.7 billion.

Brookfield's investment was financed with about $830 million in equity, of which Brookfield Business Partners ( BBU ) contributed around $210 million for a 25% stake, the companies said.

The balance was funded by institutional partners.