Brookfield sells a third of Chilean roads

Brookfield sells a third of Chilean roads

M&A Project & Infrastructure Finance Funds Chile Brazil Peru Canada

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%, we

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