Brief: Brookfield Infrastructure And Inter Pipeline Ltd Provide Update On Strategic Transaction

Brookfield Infrastructure

26/08/2021 01:10

Aug 25 (Reuters) - Brookfield Infrastructure Partners Lp
 BIP.N :
    * BROOKFIELD INFRASTRUCTURE AND INTER PIPELINE LTD. PROVIDE
UPDATE
ON STRATEGIC TRANSACTION
    * BROOKFIELD INFRASTRUCTURE-HAS TAKEN UP AND PAID FOR
253,166,495
COMMON SHARES OF INTER RESULTING IN BROOKFIELD INFRASTRUCTURE
OWNING 68.7% OF INTER PIPELINE'S COMMON SHARES
    * BROOKFIELD -CO, INTER PIPELINE RECOMMEND THAT REMAINING IP
SHAREHOLDERS TENDER TO OFFER TO ENSURE TIMELY RECEIPT OF THEIR
CHOSEN FORM OF CONSIDERATION
    * ANNOUNCE THAT IT HAS TAKEN UP AND PAID FOR 253,166,495
COMMON
SHARES OF INTER PIPELINE LTD
    * BROOKFIELD IS PLEASED WITH INITIAL TAKE-UP ELECTIONS
    * BROOKFIELD - BOARD OF IP HAS BEEN RECONSTITUTED TO INCLUDE
FOUR
BROOKFIELD INFRASTRUCTURE NOMINEES, ALONG WITH THREE CONTINUING
IP BOARD MEMBERS
    * BROOKFIELD INFRASTRUCTURE PARTNERS - CO AND INTER PIPELINE
ARE
IN DISCUSSIONS REGARDING A POSSIBLE SUBSEQUENT ACQUISITION
TRANSACTION
    * INTEND TO ANNOUNCE DETAILS OF SUCH A TRANSACTION AT A
LATER DATE

Source text for Eikon:  ID:nGNX1F7B35 
Further company coverage:  BIP.N 

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