No. of Recommendations: 9

BIP is looking to dilute shareholders by about 5% in order to raise funds to buy the portion of the Chilean toll roads it doesn't currently own as well as adding to its UK utility distribution services via the acquisition of Inexus from an Australian infrastructure fund that is unwinding itself.

Interestingly BIP appears to be taking advantage of the current revival in sentiment around US housing to sell its timber assets along with some "non-core" infrastructure assets (to take advantage of investors' desire for yield in this rate environment).

This isn't a given as they are only currently reviewing the strategic options, but is something to watch.

Anyone wondering about the value of these shares, I'd say management using $33.25 per share to raise funds tells us they think they are pretty fairly valued.
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