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

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.

Deliberations are ongoing and there’s no guarantee a transaction could take place, the people said, asking not to be identified as the information is private. Representatives for Brookfield, EQT and PAI declined to comment.

Formed in 2004, WFC ...