Welcome to our dedicated page for Brookfield Infrastructure Partners L.P. Partnership Units news (Ticker: BIP), a resource for investors and traders seeking the latest updates and insights on Brookfield Infrastructure Partners L.P. Partnership Units stock.
Brookfield Infrastructure Partners L.P. Limited Partnership Units (BIP) is a Bermuda-based exempted limited partnership that owns and operates high-quality, long-life assets. These assets are characterized by their ability to generate stable cash flows through substantial barriers to entry and features that appreciate in value over time. BIP focuses on acquiring and managing infrastructure assets that entail low maintenance capital costs and provide significant barriers to entry.
The company operates through four main segments:
- Utilities: Involves regulated businesses like electricity and natural gas transmission, and distribution operations.
- Transport: Encompasses railroads, port terminals, and toll roads that facilitate the movement of goods and people.
- Midstream: Includes energy infrastructure assets like natural gas pipelines and storage facilities.
- Data: Comprises data infrastructure such as communication towers and data centers.
Geographically, the company generates the maximum revenue from Canada but also has a substantial presence in Australia, Colombia, the United Kingdom, Brazil, the United States, Chile, Peru, and other countries. BIP leverages its diverse portfolio to deliver stable and growing distributions to its unitholders.
Recent achievements include strategic initiatives aimed at expanding the company’s energy infrastructure footprint, and an active role in forming partnerships, such as its collaboration with Intel Corporation on semiconductor wafer fabrication plants in Chandler, Arizona. This project involves Brookfield Infrastructure owning a 49% share in Arizona Fab LLC, which consists of two semiconductor wafer fabrication buildings, Fab 52 and Fab 62.
Financially, Brookfield Infrastructure Partners has demonstrated strong and consistent performance over the years. The company’s well-diversified portfolio, underpinned by long-term contracts and regulated cash flows, ensures financial stability and growth.
For investors seeking a stable and growing dividend income, BIP’s distribution strategy is particularly appealing. The company regularly declares distributions and dividends, reflecting its robust cash flow generation capabilities.
Brookfield Infrastructure endorses ISS's recommendation for IPL shareholders to vote against Pembina's Alternative Transaction. The offer from Brookfield at $21.23 per IPL share provides an 8% premium over Pembina's bid and includes provisions for 100% cash or a mix with shares. This approach aims to mitigate execution risks and ensure financing certainty. Brookfield encourages IPL shareholders to act before the July 27 proxy deadline, emphasizing the flexibility and certainty of their offer, which includes an option for tax-deferred consideration.
BROOKFIELD, NEWS, July 16, 2021 – Brookfield Infrastructure (NYSE: BIP) has successfully finalized the sale of its North American district energy business, Enwave, through two transactions totaling $4.1 billion. Ontario Teachers’ Pension Plan and IFM Investors acquired the Canadian segment on June 7, while QIC and Ullico took over the U.S. segment on July 16. Net proceeds for Brookfield are around $1 billion, achieving an IRR of over 30% and a multiple of invested capital exceeding six times. Post-transaction, corporate liquidity stands at $4 billion, earmarked for growth initiatives.
Brookfield Infrastructure Partners has revised its offer to acquire all outstanding shares of Inter Pipeline Ltd. (IPL). The new offer provides IPL shareholders with either C$20.00 in cash per share or 0.25 of a BIPC share, reflecting an 8% premium of C$1.53 over the competing proposal from Pembina Pipeline Corporation. This revised offer emphasizes immediate liquidity and value certainty for IPL shareholders, with all necessary regulatory approvals already in place. Brookfield, owning 9.75% of IPL shares, advocates for shareholders to vote against Pembina’s alternative transaction.
Digital Realty and Brookfield Infrastructure Partners have announced a 50/50 joint venture to develop and operate data centers in India, branded as BAM Digital Realty. With India being the world’s fifth-largest economy and experiencing rapid data growth, this venture aims to meet increasing demand driven by digitization, 5G, and data localization. The joint venture will enhance Digital Realty’s PlatformDIGITAL® and expand Brookfield's $23 billion infrastructure portfolio. The closing is anticipated in the second half of 2021, pending regulatory approvals.
Digital Realty and Brookfield Infrastructure have established a 50/50 joint venture named BAM Digital Realty, focusing on developing and operating data centers in India. This venture is expected to leverage India's growing demand for data services amid increasing digitization and the rollout of 5G. The partnership aims to enhance Digital Realty's PlatformDIGITAL® offering, providing scalable infrastructure for global enterprises. The venture plans to acquire land in multiple Indian metros, with completion anticipated in the second half of 2021, subject to regulatory approvals.
Brookfield Infrastructure Partners L.P. has extended its offer to acquire all outstanding common shares of Inter Pipeline Ltd. until August 6, 2021. This decision follows the Alberta Securities Commission's ruling requiring a minimum tender condition of 55%. Shareholders can choose between C$19.50 in cash or 0.225 BIPC shares. The offer is conditional upon the rejection of a proposed arrangement with Pembina at the upcoming meeting on July 29. Further details and documents are available on SEDAR and the designated offer website.
Brookfield Infrastructure Partners L.P. (NYSE: BIP) has launched a voluntary sale program for eligible holders of Odd Lot Securities as of July 7, 2021. This initiative enables holders of fewer than 100 units to sell their securities without incurring brokerage fees, facilitating access for those without a brokerage account. The program runs until September 30, 2021, managed by Computershare and compliant with NYSE and TSX regulations. A detailed information booklet will be mailed to eligible securityholders on July 15, 2021, guiding them on participation.
Brookfield Infrastructure Partners will host its 2021 Second Quarter Conference Call on August 5, 2021, at 9:00 a.m. ET. The call will discuss financial results and current business initiatives following the release of results at 7:00 a.m. ET. Participants can join via phone or through a live webcast. A rebroadcast will be available until August 12, 2021. The company, part of Brookfield Asset Management, focuses on long-term infrastructure assets generating predictable cash flows.
Brookfield Infrastructure Partners L.P. (NYSE: BIP) has filed a Second Notice of Variation regarding its ongoing offer to acquire all outstanding shares of Inter Pipeline Ltd (TSX: IPL). This extended offer allows IPL shareholders to elect between C$19.50 in cash or 0.225 BIPC shares. The cash option is not subject to pro-rating, while BIPC shares are limited to 23 million shares. The offer’s deadline has been extended to July 13, 2021. Details are available on SEDAR and the official offer website.
Brookfield Infrastructure Partners (BIP) announced a revised takeover offer for Inter Pipeline Ltd. (IPL), allowing shareholders to elect 100% cash consideration of C$19.50 per share, significantly enhancing value compared to a previous all-share alternative with Pembina Pipeline. The new offer totals C$20.401 per share if a pending legal challenge against IPL's breakup fee is successful. Brookfield has secured regulatory approvals and aims for a quick execution within three days post-expiry. Additionally, the offer is expected to preserve jobs at IPL.
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