Brookfield reveals financial details on LatAm divestments

07 November 2019 - 12:00 am UTC

Brookfield Infrastructure Partners (BIP) will make CAD 100m (USD 75.89m) in after-tax profits on the sale of its Colombian regional electricity distribution business, CEO Sam Pollock said in the company’s 3Q19 earnings call on 7 November.

Brookfield agreed to sell Empresa de Energia de Boyacá (EBSA) to fellow Canadian company Northland Power for COP 2.67trn (USD 792.71m) on 9 September.

The company will also generate an after-tax IRR of 16%, a multiple of 2.4x and proceeds of CAD 170m from its sale of a further 33% stake in its Chilean toll roads Vespucio Norte and Túnel San Cristóbal, Pollock said.

Brookfield Americas Infrastructure Fund agreed to sell 33% of its toll roads to French infrastructure investor Ardian Americas Infrastructure Fund IV and Chilean fund Fondo de inversión CMB – LV Infraestructura III, Brookfield said on 6 September.

Both transactions are due to close in 4Q19, according to Pollock.

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