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Report: Asset manager Brookfield may consider investing in Trans Mountain

The Canadian asset manager Brookfield Asset Management Inc. would consider an investment in Kinder Morgan Inc.'s Trans Mountain pipeline system and expansion project if it "makes sense," Bloomberg News reported June 15.

"If there's something that makes sense for us, given everything that has gone on, we'll consider it," said Bruce Flatt, CEO of Brookfield, in an interview with Bloomberg at the company's annual general meeting held on the same day.

The Canadian government in May agreed to acquire the Trans Mountain pipeline system and expansion project for C$4.5 billion after Kinder Morgan halted shareholder investment on the project. The investment bank Greenhill & Co. Inc., Ottawa's financial advisers, already started marketing Trans Mountain to potential buyers such as pipeline companies, pension funds and asset managers, Bloomberg reported, citing "people familiar with the matter."

Out of all the potential buyers, a Canadian-led consortium is most likely to strike a deal with the federal government to buy Trans Mountain, the sources said.