BROOKFIELD, News, March 21, 2025 (GLOBE NEWSWIRE) — Brookfield Infrastructure Partners L.P. (“BIP”) (NYSE: BIP; TSX: BIP.UN) signed an agreement to sell its remaining 25% interest in its U.S. gas pipeline to one of the business’s existing owners. This sale represents a complete and successful exit of the business, generating total proceeds of over $1.7 […]
Brookfield Infrastructure Partners L.P. announced the sale of Natural Gas Pipeline Company of America (NGPL) for over $1.7 billion, generating an 18% IRR and a 3x multiple of capital since 2015. This, combined with pre-sale financing, generated $900 million in 18 months. Brookfield initially acquired a 27% stake, increasing it to 50% in 2015. They also sold a 30% interest in a European data center portfolio for $460 million and are progressing the sale of an additional 60%. Total proceeds from asset sales since the beginning of the year are over $700 million, expected to increase to nearly $900 million. These sales contribute to Brookfield Infrastructure's $5 to $6 billion asset monetization goal over the next two years.
