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 Partners is set to conduct its Q3 2021 conference call on November 3, 2021, at 9:00 a.m. ET. Results will be released earlier that day at approximately 7:00 a.m. ET, accessible on their website.
Interested participants can join the call by dialing +1-866-688-9459 in North America or +1-409-216-0834 internationally. A rebroadcast will be available until November 10, 2021, for those who miss the live event.
BROOKFIELD, NEWS, Sept. 30, 2021 – Brookfield Infrastructure Partners (NYSE: BIP) announced the extension of its voluntary sale program for holders of Odd Lot Securities, allowing eligible investors to sell holdings under 100 shares without brokerage fees. The program, initiated in July 2021, is now extended until December 31, 2021. It aims to assist those without brokerage accounts and offers a hassle-free selling option for small securityholders. The program is managed by Computershare and complies with NYSE and TSX policies.
Digital Realty (NYSE: DLR) has officially closed its joint venture with Brookfield Infrastructure (NYSE: BIP) in India, receiving all necessary regulatory approvals. This collaboration aims to expand Digital Realty's PlatformDIGITAL® in India, catering to the growing data center market. The newly appointed CEO, Seema Ambastha, brings over 30 years of IT experience. Brookfield Infrastructure's data assets, valued at $23 billion, will support this initiative, targeting expansion from 139,000 to 175,000 telecom towers in India. This strategic move is expected to enhance the digital ecosystem in the region.
Brookfield Infrastructure and Inter Pipeline have scheduled a Special Meeting for Inter Pipeline shareholders on October 28, 2021, to vote on the Arrangement with Brookfield. This follows the announcement of executive changes, with Christian Bayle and Brent Heagy stepping down as CEO and CFO, respectively, as Brookfield executives take over. The filing of the management information circular on September 22, 2021, outlines details for the Meeting. Approval from two-thirds of shareholders is required to proceed with the Arrangement.
Brookfield Infrastructure and Inter Pipeline have entered into an arrangement agreement for Brookfield to acquire all remaining Inter Pipeline shares as part of a Subsequent Acquisition Transaction. Following the expiry of Brookfield's earlier take-over bid, it will now own 76.4% of Inter Pipeline's shares. Shareholders can choose to receive C$20.00 in cash per share, 0.250 of a Brookfield Infrastructure Corporation share, or a combination of both. The shareholder meeting to discuss the arrangement is expected in late October.
Brookfield Infrastructure has acquired an additional 18,369,800 common shares of Inter Pipeline, increasing its ownership stake from 68.7% to 73.0%. This transaction aligns with Brookfield's ongoing takeover bid, which is set to expire on September 3, 2021. Shareholders who tender their shares can receive cash or Brookfield's exchangeable shares. With a controlling interest, Brookfield aims to pursue a privatization transaction for remaining shares, which could result in the delisting of Inter Pipeline from the Toronto Stock Exchange.
Brookfield Infrastructure has successfully acquired 68.7% of Inter Pipeline's common shares, purchasing 253,166,495 shares as of August 20, 2021. The offer, initiated on February 22, 2021, was extended until September 3, 2021. Shareholders chose to receive cash for 163.8 million shares, while 89.4 million shares opted for Brookfield's exchangeable units. A reconstituted board now includes four Brookfield nominees. Additionally, the monthly dividend has been suspended to reinvest cash flow for infrastructure development and reduce debt.
Brookfield Infrastructure has announced an extension of its offer to acquire Inter Pipeline Ltd. (IPL) shares until September 3, 2021. The offer is in response to 253,933,715 IPL shares, or 65.6% of those not owned by Brookfield, being tendered. Following this acquisition, Brookfield will hold 68.9% of IPL's common shares and plans to pursue privatization. Current IPL shareholders who have tendered do not need to take further action and will receive payment within three business days.
Brookfield Infrastructure Partners L.P. (NYSE: BIP) reminds Inter Pipeline Ltd. (TSX: IPL) shareholders to tender their shares by the August 20, 2021 deadline. The Offer includes a significant 50% premium to IPL’s unaffected share price, allowing shareholders to select cash or equity as compensation. Those who tendered will remain eligible for IPL’s upcoming cash dividend. Brookfield expects to take-up shares swiftly after the Offer's expiry and plans to discuss further acquisition transactions with IPL's board.
Brookfield Infrastructure Partners (NYSE: BIP) reminds Inter Pipeline Ltd. (TSX: IPL) shareholders to tender to its offer by August 20, 2021. Tendering allows shareholders to receive a cash dividend of $0.04 per IPL share. The offer includes a 50% premium to IPL's unaffected share price, with flexibility in choosing cash or stock consideration. Brookfield has secured necessary regulatory approvals and plans to expedite payments within three business days post-offer expiry. Additional transactions may follow for remaining non-tendered shares to enhance shareholder value.
FAQ
What is the current stock price of Brookfield Infrastructure Partners L.P. Partnership Units (BIP)?
What is the market cap of Brookfield Infrastructure Partners L.P. Partnership Units (BIP)?
What does Brookfield Infrastructure Partners L.P. do?
What are BIP's main business segments?
Where does BIP generate most of its revenue from?
What recent partnerships has BIP formed?
How does BIP ensure financial stability?
What makes BIP attractive to investors?
How does BIP's diversified portfolio benefit the company?
What is BIP's distribution strategy?
What is unique about BIP's infrastructure assets?
How has BIP performed financially over the years?
