Brookfield Plans Infrastructure Spin-Off

NAW Staff, Thursday 03 May 2007 - 10:49:02

Toronto, Ontario-based Brookfield Asset Management Inc., parent company of wind power developer Brookfield Power, will distribute a direct interest in its infrastructure operations to its Class A shareholders through a publicly traded partnership named Brookfield Infrastructure Partners LP (BIP). The new organization will serve as the primary vehicle through which Brookfield’s future infrastructure-related acquisitions - other than property and renewable power operations - will be made.

According to Brookfield, the company will retain a 40% interest in BIP and will manage the operations under a long-term management agreement. BIP will focus on the ownership and operation of infrastructure assets, which will include electricity transmission, pipeline and utility distribution infrastructure.



this content item is from North American Windpower
( http://www.nawindpower.com/e107_plugins/content/content.php?content.720 )