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After the spin-off from Brookfield Asset Management, Brookfield Infrastructure operated timber properties and electricity transmission lines. In September 2008, the company announced it would expand and diversify its global operations by buying infrastructure holdings from distressed Babcock & Brown, thus adding approximately US$8 billion of assets under management.
In 2005, after 37 years, Brascan Corp. was renamed to Brookfield Asset Management Inc. [20] Between 2013 and 2018, the company and its subsidiaries invested approximately $10 billion in Brazilian energy, infrastructure and real estate developments, including acquisitions of oil pipelines from energy companies such as Petroleo Brasileiro SA.
Brookfield Infrastructure Partners (BIP) issues $500 million of 3.538% medium-term notes. The proceeds from the same are going to be used for refinancing old debts and funding its pipeline projects.
The global infrastructure owner's growth rate should accelerate in the coming quarters. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ...
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