Brookfield agrees to sell 33% of Chilean toll road business
Brookfield Infrastructure Partners has announced that in January it agreed to sell up to 33% of its stake in its Chilean toll road business. The buyer has not been disclosed.
The company is currently executing a dividend recapitalization, which will be completed upon closing of the sale, which is expected imminently.
After-tax proceeds to Brookfield Infrastructure are estimated to be approximately US$365 million. The divestment has generated an annualized return of approximately 17% on this portion of the company's investment.
Country updates
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January 31, 2019
Chilean-Chinese consortium proposes US41.6 billion Santiago-Valparaíso high speed rail concession
Tren Valparaíso Santiago (TVS), a consortium comprised of Sigdo Koppers and China Railway Group Limited, has presented a formal proposal to develop a high-speed rail (HSR) line linking the Chil...
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January 22, 2019
Sacyr-Agunsa consortium offers best deal in Chacalluta Airport tender
A consortium of Sacyr Group and Agunsa has offered the best deal in the tender for the expansion and concession of Chacalluta Airport in Arica, a port city in northern Chile. The four intereste...
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January 18, 2019
Government of Chile proceeds with creation of infrastructure fund
The National Congress of Chile has issued a bill which seeks to create a US$9 billion Infrastructure Fund. The objective of the Fund is to promote the development of infrastructure work...
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January 15, 2019
DP World agrees to acquire 71.3% stake in Puertos y Logistica S.A.
DP World has announced that it has agreed to acquire a 71.3% stake in Puertos y Logistica S.A. (Pulogsa) from Minera Valparaiso and other shareholders associated with the Matte Group. Pulogsa operates...
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January 08, 2019
Chile to open prequalification for US$2.4 billion programme of hospital concessions this month
The government of Chile, through the Ministry of Public Works, is inviting companies to register to participate in tenders for a number of hospital concessions located throughout the country that cons...
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