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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.

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