No. of Recommendations: 1
"We have held a long position in Brookfield Infrastructure Partners (BIP) since the beginning of 2011 and we have been pleased with the results of the company during this time. We published our research analysis report reaffirming our thesis behind our investment in BIP two months ago. On July 30th after the market closed, BIP announced a US$445M secondary equity offering consisting of the issuance of 9,680,000 L.P. units in the U.S. and Canada and the concurrent private placement of 3,860,000 redeemable partnership units to Brookfield Asset Management Inc. (BAM) for aggregate gross proceeds of $445,071,200. This will finance the acquisition of 85% in Inexus Group as well as BIP's share of the remaining 45% of the Autopista Vespucio Norte toll road. This toll road is a key artery in the ring road network surrounding Chile's capital city of Santiago."

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