India, March 22 -- Brookfield Infrastructure Partners L.P. (BIP) said Friday that it agreed to sell its remaining 25% interest in its U.S. gas pipeline to one of the businesss existing owners for undisclosed term. This sale represents a complete exit of the business, generating total proceeds of over $1.7 billion.
Brookfield initially acquired a 27% stake in the pipeline through the purchase of Babcock & Brown Infrastructure. Later, the company in 2015 increased its ownership to 50%.
Brookfield also added that it has completed the first step in its data-center monetization strategy, signing deal to sell 30% interest in a 244-megawatt portfolio of operating sites in Europe to a financial sponsor for about $460 million. The company also pro...