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Brookfield Infrastructure Partners LP (BIP) provides essential updates on its global infrastructure operations through this dedicated news hub. Track press releases and announcements covering strategic acquisitions, quarterly earnings, and operational developments across utilities, transport, midstream, and data sectors.
This resource delivers timely insights into BIP's management of long-life assets critical to global economic systems. Investors will find updates on regulatory filings, partnership agreements, and capital allocation strategies that shape the company's position in 30+ countries.
Key content categories include dividend declarations, infrastructure project milestones, sustainability initiatives, and market expansion updates. All materials adhere to factual reporting standards required for informed investment analysis.
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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.
Brookfield Infrastructure Partners (NYSE: BIP) encourages Inter Pipeline Ltd. (TSX: IPL) shareholders to tender to their offer before the August 20 deadline. Shareholders who tender will receive a 50% premium over IPL's unaffected share price and maintain eligibility for IPL’s August cash dividend. Initial tender results indicate a 52% tender rate, with Brookfield anticipating meeting the minimum conditions for the offer. The cash consideration amounts to C$20.00 per share. Post-offer, Brookfield plans to acquire remaining shares not tendered in a subsequent transaction.
