Brookfield Infrastructure Completes Sale of North American District Energy Business for $4.1 Billion
BROOKFIELD, NEWS, July 16, 2021 (GLOBE NEWSWIRE) -- Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today announces that it has completed the sale of 100% of its North American district energy business, Enwave.
- BROOKFIELD, NEWS, July 16, 2021 (GLOBE NEWSWIRE) -- Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today announces that it has completed the sale of 100% of its North American district energy business, Enwave.
- The business has been divested through two separate transactions for total consideration of $4.1 billion on an enterprise value basis.
- Brookfield Infrastructure made its first district energy investment in 2012 and subsequently developed the business into the largest district energy system in North America.
- Brookfield Infrastructure Partners is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with over US$600 billion of assets under management.