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 a 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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