Market Overview

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

Brookfield Infrastructure (NYSE: BIP) 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.

Posted-In: News Asset Sales

 

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