Brookfield Infrastructure has completed the previously announced sale of its interest in Chilean power transmission business ETC Transmission Holdings to China Southern Power Grid International for US$1.3b.
(Press Release) BROOKFIELD, NEWS, March 15, 2018 (GLOBE NEWSWIRE) — Brookfield Infrastructure (NYSE:BIP) (TSX:BIP.UN) today advised that it has completed the previously announced sale of its approximate 27.8% interest in ETC Transmission Holdings, S.L., the parent company of Transelec S.A. (“Transelec”), to China Southern Power Grid International (HK) Co., Ltd. for US$1.3 billion.
Santander GCB and Scotiabank acted as financial advisors to Brookfield Infrastructure and Goodmans LLP acted as legal advisor.
Brookfield Infrastructure Partners is a leading global infrastructure company that owns and operates high quality, long-life assets in the utilities, transport, energy and communications infrastructure sectors across North and South America, Asia Pacific and Europe. We are focused on assets that generate stable cash flows and require minimal maintenance capital expenditures. Brookfield Infrastructure Partners is listed on the New York and Toronto stock exchanges. Further information is available at www.brookfieldinfrastructure.com.
Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a leading global alternative asset manager with approximately $285 billion of assets under management. For more information, go to www.brookfield.com