Azerbaijan's oil fund SOFAZ and Brookfield sign $1.4 bln cooperation agreement in Davos
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Azerbaijan's sovereign wealth fund SOFAZ and Brookfield Asset Management signed a $1.4 billion cooperation agreement in Davos. The agreement focuses on long-term strategic investments in Brookfield-managed funds and co-investment projects over the next three to four years. The partnership will also explore investment opportunities in energy transition, renewable energy, and digital infrastructure. SOFAZ, with total assets of $70.16 billion, has been expanding its investment portfolio in Europe, including stakes in solar plants and Gatwick airport.
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