Deals

Brookfield Is in Talks to Buy PAI-Backed World Freight Co.

A cargo handler prepares air freight containers

Photographer: Jason Alden/Bloomberg

Brookfield Asset Management Ltd. is in talks to acquire World Freight Co. from its owners EQT AB and PAI Partners, people familiar with the matter said.

The investment management company is sounding out an acquisition loan for the potential purchase, according to the people. EQT and PAI are seeking about $1.2 billion to $1.3 billion from a deal, the people said.