Brookfield Infrast Partners Lp Stock Price, News & Analysis

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.