Brookfield Plans Infrastructure Spin-Off

NAW Staff
by NAW Staff
on May 03, 2007 No Comments
Categories : FYI

Toronto, Ontario-based Brookfield Asset Management Inc., parent company of wind power developer Brookfield Power, will distribute a direct interest in its infrastructure operations to its Class A shareholders through a publicly traded partnership named Brookfield Infrastructure Partners LP (BIP). The new organization will serve as the primary vehicle through which Brookfield's future infrastructure-related acquisitions – other than property and renewable power operations – will be made.

According to Brookfield, the company will retain a 40% interest in BIP and will manage the operations under a long-term management agreement. BIP will focus on the ownership and operation of infrastructure assets, which will include electricity transmission, pipeline and utility distribution infrastructure.

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