Brookfield Infrastructure ( (TSE:BIPC) ) has issued an update.
On April 3, 2025, Brookfield Infrastructure Partners L.P. and its institutional partners announced a definitive agreement to acquire Colonial Enterprises, including the Colonial Pipeline, for approximately $9 billion. This acquisition, expected to close in the second half of 2025, positions Brookfield Infrastructure to enhance its midstream asset portfolio, leveraging Colonial’s extensive 5,500-mile refined products system in the U.S. The transaction, funded partly by Brookfield’s capital recycling initiatives, underscores the company’s strategic expansion in the infrastructure sector.
More about Brookfield Infrastructure
Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream, and data sectors across the Americas, Asia Pacific, and Europe. It focuses on assets with contracted and regulated revenues that generate predictable and stable cash flows. Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with over $1 trillion of assets under management.
YTD Price Performance: -7.15%
Average Trading Volume: 631,324
Technical Sentiment Signal: Strong Buy
Current Market Cap: $4.39B
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