Brookfield Infrastructure Partners

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Brookfield Infrastructure Partners
Type Public
Traded as NYSEBIP
TSXBIP.UN
Industry Infrastructure asset management
Founded Hamilton, Bermuda (January 14, 2008 (2008-01-14))
Headquarters Hamilton, Bermuda
Area served Worldwide
Key people Samuel Pollock (CEO)
Revenue Increase US$1.63 billion (2011)
Operating income Increase US$549 million (2011)
Profit Decrease US$187 million (2011)
Total assets Decrease US$13.3 billion (2011)
Total equity Increase US$648 million (2011)
Parent Brookfield Asset Management
Subsidiaries Utilities
Transport
Energy
Timber
Website www.brookfieldinfrastructure.com
References: [1]

Brookfield Infrastructure Partners is a publicly traded limited partnership headquartered in Hamilton (Bermuda), that engages in the acquisition and management of infrastructure assets on a global basis.[2][3]

Until a spin-off in January 2008, Brookfield Infrastructure was an operating unit of Brookfield Asset Management, which retains a 41% ownership and acts as the partnership's general manager.[4][5] The company's assets carried a book value of $ 3.38 billion US$, in February 2011.[6]

Operations[edit]

After the spin-off from Brookfield Asset Management, Brookfield Infrastructure only 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.[7][8]

In December 2010 the company completed a merger with Australian company Prime Infrastructure in which it held a minority interest.[9]

In February 2011, the company owned and managed the following assets:[10]

Country Operation Sector Ownership
Australia Dalrymple Bay Coal Terminal Ports 71%
Australia Public–private partnership Hospitals 50%
Australia Tasmanian Gas Network Energy 100%
Australia WestNet Rail Rail transport 100%
Canada Island Timberlands Lumber 38%
Canada Ontario Transmission Energy Transmission 100%
Chile Transelec Energy Transmission 18%
Europe Euroports Ports 60%
New Zealand Powerco Energy 42%
UK IEG Energy 100%
UK PD Ports Ports 60%
UK Public–private partnership Hospitals 30%
USA Hydro Kennebec Renewable energy 30%
USA Longview Timber Lumber 30%
USA Natural Gas Pipeline Company of America Pipeline transport 25%


References[edit]

  1. ^ "Brookfield Infrastructure Partners L.P. (BIP)". Yahoo! Finance. 
  2. ^ "Brookfield Infrastructure Partners L.P. - Company Profile". Reuters. Retrieved 22 July 2010. 
  3. ^ "Brookfield Infrastructure Partners L.P. - Company Snapshot". CorporateInformation.com. Retrieved 22 July 2010. 
  4. ^ "Brookfield Asset Management Completes Spin-Off of Brookfield Infrastructure Partners". Brookfield Asset Management. Retrieved 22 July 2010. 
  5. ^ Schnurr, Leah (3 January 2008). "Brookfield Asset sets date for infrastructure spinoff". Reuters. Retrieved 22 July 2010. 
  6. ^ "February 2011 Investor presentation". Retrieved 1 March 2011. 
  7. ^ "Brookfield Asset Management and Brookfield Infrastructure Partners Completes Recapitalization of Babcock & Brown Infrastructure". Marketwire. Retrieved 22 July 2010. 
  8. ^ Lindsay, Bill (9 October 2009). "Babcock & Brown Infrastructure Sets Plan". The Wall Street Journal. Retrieved 22 July 2010. 
  9. ^ "Brookfield Infrastructure Announces Closing of Merger with Prime Infrastructure And Implementation of Normal Course Issuer Bid". Retrieved 24 February 2011. 
  10. ^ "Operations". Brookfield Infrastructure Partners. Retrieved 24 February 2011.