Brookfield VLI Brazil Logistics Update

Brookfield purchases VLI Brazil Railroad, Ports and Logistics operator in 2015 from mining company Vale when it was in distress and looking to raise cash during a down cycle in the commodity markets. Brookfield paid $885M for its 26% stake. Brazilian Lira unfortunately depreciated significantly over last 4 years and Brookfield did not hedge their currency exposure. Inspire of this due to the quality of the assets and a good business growth plan and a turnaround in the Brazilian economy this investment is poised to do very well. 

Vale Sells Control of VLI to Brookfield and Mitsui Japan