Brookfield evaluates acquiring Reliance Infra
According to sources, Brookfield Asset Management is mulling to acquire Indian road assets from Reliance Infrastructure. Preliminary discussions between both parties for the assets have been initiated.
The road portfolio of Reliance is composed of a total of 11 road projects which span approximately 1000 kms and are spread across 7 Indian states. The company expect to obtain approximately $1.3 billion for the road portfolio. All the roads have been developed on a build, operation and transfer (BOT) basis.
In early September, we reported that Gammon Infrastructure Projects Limited (GIPL) will divest stakes in nine project companies, 6 road and 3 power, to a consortium of Brookfield and Core Infrastructure India Fund (CIIF) under the name BIF India Holdings Pte Ltd.
Brookfield is a global alternative asset manager with approximately US$225 billion in assets under management. It has over a 100-year history of owning and operating assets with a focus on property, renewable energy, infrastructure and private equity.
Country news
-
-
June 20, 2013
India Infrastructure Finance Company launches first infra debt fund in India
Local sources comment that India Infrastructure Finance Company Limited (IIFCL) has launched its first infrastructure debt fund (IDF) with $1 billion raising target. The IDF will complement commercial banks in providing the required long-term funding to infrastructure sector and help in addressing their asset liability mismatch. Read more -
June 25, 2013
India allows sale of equity of road PPP projects to reactivate sector
The Cabinet Committee on Economic Affairs approved last week a proposal to facilitate harmonious substitution of Concessionaire in ongoing and completed National Highway Projects. Pelase find below the information provided by the Government of India regarding this issue. Read more -
June 26, 2013
Welspun Energy achieves financial closure for three renewables projects
Welspun Energy has announced during the last months that it has tied-up financing for two solar projects and for a wind project. The three projects sum up an investment of around US$233 million. See below more information about the projects provided by Welspun Energy in different press releases: Read more -
July 01, 2013
IL&FS signs MOU with Japanese firm to invest in PPPs in India
IL&FS TransportationNetworks inked last week a pact with East Nippon Expressway Company for implementation of highways projects jointly under public private partnership (PPP) mode. Read more -
July 01, 2013
DP World signs $200 million Nhava Sheva Gateway Terminal concession in India
DP World and Jawaharlal Nehru Port, on 19 June 2013, held a ceremonial signing of the concession awarded to DP World to construct and operate a new container terminal at the port. Read more
