Brookfield Asset Management is in talks to acquire the logistics company World Freight from EQT and PAI Partners, according to sources familiar with the matter cited by Bloomberg News.

The owners are reportedly seeking a purchase price of approximately $1.2–1.3 billion. Brookfield is simultaneously exploring the possibility of securing an acquisition loan for the deal.

Negotiations are ongoing, and there is no certainty that a transaction will be completed. Representatives for the companies have declined to comment.