Brookfield Asset Management Inc. (TSX:BAM.A) is understood to have hired Morgan Stanley amid talk in the market that its Multiplex business could be for sale. Sources said the construction firm has been offered around to prospective buyers. Earlier, sources said the private equity firm had received approaches from potential acquirers, but Brookfield did not comment on suggestions that the business was for sale.

However, the private equity firm said a sale process is not underway.