Elevate your local knowledge
Sign up for the iNFOnews newsletter today!
Brookfield Asset Management Inc. selling five India-based road projects
TORONTO – Brookfield Asset Management Inc. is selling five road projects in India valued at US$1.2 billion to an infrastructure investment trust partially owned by two Canadian pension funds.
The portfolio comprises three toll roads and two annuity roads spread across 2,400 lane kilometres.
The transaction will allow IndInfravit to expand its presence in three additional areas of India.
IndInfravit shareholders include the Canada Pension Plan Investment Board, OMERS Infrastructure and Allianz Capital Partners.
Brookfield made its first significant investment in India’s infrastructure in 2015 with the purchase of six road projects and three power projects.
The deal is subject to certain regulatory and other customary conditions, including approval from IndInfravit unitholders.
This report by The Canadian Press was first published June 10, 2022.
Companies in this story: (TSX:BAM.A)
News from © iNFOnews.ca, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community?
You must be logged in to post a comment.
