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JCI ‘in Power Solutions sale talks’ with investment firm

Mon, 11/05/2018 - 00:00 -- John Shepherd
George Oliver

North American firm Brookfield Asset Management is at the centre of fresh speculation about a possible sell-off of Johnson Controls’ batteries business.

Brookfield, whose business interests include a graphite electrode manufacturing business and battery storage systems, could pick up JCI’s Power Solutions for between US$13 billion and $14bn, according to Reuters.

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