Brookfield weighs Clarios IPO at $20 billion valuation: Bloomberg News

(Reuters) – Canada’s Brookfield Asset Management Inc is aiming to take Clarios public that could value the car battery maker at $20 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Brookfield bought Glendale, Wisconsin-based Clarios from Johnson Controls International Plc, a maker of digital solutions for buildings, for $13.2 billion in 2019.

The Canadian firm is considering an IPO for Clarios later this year, according to the report

No final decision has been made and Brookfield could opt to keep the business, Bloomberg reported.

Brookfield and Clarios did not immediately respond to Reuters requests for comment.

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