Press Digest-Canada - July 21
SPY•National Post: LXP Industrial Trust to be taken private
- LXP Industrial Trust LXP.N will be taken private by Brookfield Asset Management and Canada Pension Plan Investment Board in a $5.2 billion all-cash deal, the industrial real estate investment trust said.
The Globe and Mail: Trump tariffs, Brookfield deal and Enbridge construction
- U.S. President Donald Trump is escalating his trade war against Canada, imposing 50 percent tariffs on a range of goods to hit back at Ottawa for retaliating against his previous tariffs.
- The private-equity arm of Brookfield Asset Management Ltd BAM.N is paying C$1.6 billion ($1.14 billion) to acquire Gregg Distributors LP, a family-owned provider of industrial products to thousands of businesses across Western Canada.
- Enbridge Inc ENB.TO has startedconstruction on the C$4 billion expansion of its pipeline system for transporting natural gas in British Columbia, with Ottawa touting the economic spinoffs from Canada’s energy industry.
