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Shoppers stroll through Faneuil Hall Marketplace in Boston, a property owned by General Growth Properties. (Michael Dwyer/Michael Dwyer/AP)
Shoppers stroll through Faneuil Hall Marketplace in Boston, a property owned by General Growth Properties. (Michael Dwyer/Michael Dwyer/AP)

Brookfield to unveil U.S. mall deal Add to ...

Brookfield Asset Management Inc. is expected to Wednesday to announce a deal to acquire part of General Growth Properties, which would be broken into two, the Wall Street Journal reports.

Toronto-based Brookfield would put $2.63-billion (U.S.) toward the plan, which would take the giant U.S. mall owner out of bankruptcy protection, the news organization said.

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General Growth, which owns almost 200 malls in the United States, would split into one company that owns the high-quality malls and another that still holds the riskier assets.

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