Welcome to our dedicated page for Brookfield Infrast Partners Lp news (Ticker: BIP), a resource for investors and traders seeking the latest updates and insights on Brookfield Infrast Partners Lp stock.
Brookfield Infrastructure Partners L.P. reports developments for a Bermuda-based limited partnership that owns and operates global infrastructure assets in the utilities, transport, midstream and data sectors. Its recurring updates address funds from operations, segment performance, distributions, capital recycling, new infrastructure investments and operating trends across the Americas, Asia Pacific and Europe.
Company news also covers capital allocation actions such as normal course issuer bids, annual reporting notices and joint-venture or platform investments. Disclosures connect the partnership’s transport and equipment-leasing activity with rail assets, while broader operating commentary emphasizes contracted and regulated revenue streams within long-life infrastructure businesses.
Brookfield Infrastructure (NYSE: BIP) reported a strong second quarter for 2021, achieving net income of $352 million ($0.61 per unit), a significant turnaround from a loss of $61 million the previous year. Funds from Operations (FFO) reached $394 million, up 18% year-over-year, supported by robust organic growth of 9%. The company also completed $1 billion in divestments and made progress on its bid to acquire Inter Pipeline Ltd. (IPL). A dividend of $0.51 per unit was declared, signaling a 5% increase from last year, as Brookfield continues to capitalize on favorable market conditions.
Brookfield Infrastructure Partners reminds Inter Pipeline Ltd. (IPL) shareholders to tender their shares by August 6 to receive a 50% premium on their unaffected share price. The IPL Board has recommended acceptance of Brookfield's offer, which includes a cash consideration of C$20.00 per share or an option for shares in Brookfield Infrastructure Corporation. With all regulatory approvals secured, Brookfield expects to close the transaction within three business days of the offer expiry. Shareholders are encouraged to act promptly to benefit from this significant offer.
On July 27, 2021, Inter Pipeline Ltd. (IPL) Board recommended shareholders accept Brookfield Infrastructure's Offer, which represents a 50% premium to IPL’s unaffected share price. The Offer has received all necessary regulatory approvals and can close within three business days after expiration. Shareholders can choose up to 100% cash consideration of C$20.00 per share or opt for Brookfield’s exchangeable subordinated voting shares. The deadline for tendering shares is August 6, 2021, and stakeholders are advised to act promptly to benefit from this significant offer.
Brookfield Infrastructure Partners L.P. (BIP) has announced its acquisition offer for Inter Pipeline Ltd. (IPL), which includes options for IPL shareholders to receive C$20.00 in cash or 0.250 BIPC Shares. BIP, through its ownership of class B voting shares in Brookfield Infrastructure Corporation (BIPC), has given consent to the Toronto Stock Exchange, meeting the requirement for BIPC security holder approval. The Offer is open until August 6, 2021, with the potential issuance of up to 36 million BIPC Shares. The transaction is not expected to materially affect control of BIPC.
On July 26, 2021, Inter Pipeline Ltd. (IPL) terminated its alternative transaction with Pembina Pipeline Corporation, leaving Brookfield Infrastructure's enhanced Offer as the sole option for IPL shareholders. This offer, representing a 51% premium over IPL's unaffected share price, is expected to close within three business days of the offer expiry, pending conditions. Shareholders can choose C$20.00 per share in cash or opt for a combination of cash and Brookfield Infrastructure Corporation (BIPC) shares. The offer is open until August 6, 2021.
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.