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Stock Market & Financial Investment News

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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.
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