Brookfield Infrastructure Reports $455M Equity Offer, Will Buy 45% of Avn Tollroad

Brookfield Infrastructure

today announced a number of strategic initiatives, comprised of: -- an agreement, together with its institutional partners, to acquire the remaining 45% of the Autopista Vespucio Norte ("AVN") toll road, a key artery in the ring road network surrounding Santiago, Chile; -- an agreement to acquire an 85% interest in Inexus Group ("Inexus"), a regulated distribution utility in the UK; -- the issuance of 9,680,000 L.P. units in the U.S. and Canada and the concurrent private placement of 3,860,000 redeemable partnership units to Brookfield Asset Management Inc. ("Brookfield") (NYSE/TSX/Euronext: BAM) for aggregate gross proceeds of $445,071,200; and -- plans to explore strategic alternatives to divest some of its timber and certain non-core assets.