February 7, 2019 |
Brookfield Infrastructure Partners said it expects to earn $365m after tax from the sale of up to 33% of its toll roads in Chile to an unnamed buyer.
The Canadian investment firm retained JPMorgan and Scotiabank to shop the sale of up to 50% of the business in July last year and started receiving offers in November.
"It was always our plan to sell up to 50%," CEO Sam Pollock said during a conference call with investors. "If someone had come along and maybe offered us a knock-out bid for 100%,
Canadian investor expects to clear $365m from a deal for 33% of Vespucio Norte and the San Cristóbal Tunnel in Santiago