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Stock Market & Financial Investment News

News Breaks
July 3, 2013
18:48 EDTBIPBrookfield Infrastructure sells stake in Australasian distribution business
Brookfield Infrastructure announced that it has signed definitive agreements to sell its 42% interest in its Australasian regulated distribution business for approximately $410M. Brookfield Infrastructure acquired its initial interest in the business in 2009 as part of the recapitalization of Babcock & Brown Infrastructure. The transaction is subject to approval of the Overseas Investment Office, a New Zealand government agency, and is expected to close by the end of 2013.
News For BIP From The Last 14 Days
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November 19, 2014
07:12 EDTBIPBrookfield Infrastructure upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded Brookfield Infrastructure to Outperform based on mispriced distribution growth, organic development, and relative valuation. Price target raised to $46 from $42.
November 6, 2014
07:40 EDTBIPBrookfield consortium to acquire 50% stake in TDF for $2.2B
Brookfield Infrastructure announced that it has committed to acquire, in accordance with French practice, TDF, the largest independent communication tower infrastructure business in France. Under this commitment, a Brookfield consortium would be acquiring 50% of the business for an enterprise value of approximately $2.2B. The other 50% of the business would be acquired by other transaction partners. It is expected that Brookfield Infrastructure's equity commitment towards this investment would be approximately $500M and would represent approximately a 23% interest in TDF. This transaction is subject to completion of customary labor consultation under French labor law, satisfactory to the seller, and other customary closing conditions including regulatory approvals expected to be completed in the first quarter of 2015.

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