Brookfield Infrastructure Completes Sale of Chilean Transmission Business
March 15 2018 - 09:15AM
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
For more information, please visit our website
at www.brookfieldinfrastructure.com or contact:
Media:Claire Holland Vice President,
Communications Tel: (416) 369-8236 Email:
claire.holland@brookfield.com |
Investors:Rene Lubianski Senior Vice
President, Corporate Development Tel: (416) 956-5196 Email:
rene.lubianski@brookfield.com |
Note: This news release may contain
forward-looking information within the meaning of Canadian
provincial securities laws and “forward-looking statements” within
the meaning of Section 27A of the U.S. Securities Act of 1933, as
amended, Section 21E of the U.S. Securities Exchange Act of 1934,
as amended, “safe harbor” provisions of the United States Private
Securities Litigation Reform Act of 1995 and in any applicable
Canadian securities regulations. The words “will”, “would”,
“future”, “growth”, “expect”, “believe”, “should”, “may”,
derivatives thereof and other expressions which are
predictions of or indicate future events, trends or prospects and
which do not relate to historical matters will tend to identify
forward-looking statements. Forward-looking statements in this
news release include statements regarding the expected use of
proceeds of the transaction described herein. Although Brookfield
Infrastructure believes that the forward-looking statements it
makes and related information are based upon reasonable assumptions
and expectations, the reader should not place undue reliance on
them, or any other forward-looking statements or information in
this news release. The future performance and prospects of
Brookfield Infrastructure are subject to a number of known and
unknown risks and uncertainties. Factors that could cause
actual results of Brookfield Infrastructure to differ materially
from those contemplated or implied by the statements in this news
release include general economic conditions in the jurisdictions in
which we operate and elsewhere which may impact the markets for our
products, the ability to achieve growth within Brookfield
Infrastructure’s businesses, which cannot be assured, the impact of
market conditions on our businesses, the fact that success of
Brookfield Infrastructure is dependent on market demand for an
infrastructure company, which is unknown, the availability of
equity and debt financing for Brookfield Infrastructure, the
ability to effectively complete new acquisitions in the competitive
infrastructure space (including the ability to complete announced
and potential acquisitions that may be subject to conditions
precedent), and to integrate acquisitions into existing operations,
the future performance of these acquisitions, the market conditions
of key commodities, the price, supply or demand for which can have
a significant impact upon the financial and operating performance
of our business and other risks and factors described in the
documents filed by Brookfield Infrastructure with the securities
regulators in Canada and the United States including under “Risk
Factors” in Brookfield Infrastructure’s most recent Annual Report
on Form 20-F and other risks and factors that are described
therein. Except as required by law, Brookfield Infrastructure
undertakes no obligation to publicly update or revise any
forward-looking statements or information, whether as a result of
new information, future events or otherwise.
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