Brookfield, Temasek eye GAIL’s gas pipeline assets
MUMBAI : Canada’s Brookfield Asset Management and Singapore’s Temasek Holdings Ltd have joined the race to buy the gas pipeline assets of state-run Gail (India) Ltd, three people aware of the matter said.
A potential deal would be a vital win for Brookfield, which recently bought the gas pipeline assets of Reliance Industries Ltd. Gail owns more than two-thirds of India’s 12,000-km pipeline network.
Gail, which is in the process of divesting its pipeline business, has already received interest from state-run Indian Oil Corp. Ltd (IOCL) and Bharat Petroleum Corp. Ltd (BPCL) for the gas transmission assets.
