{"id":497920,"date":"2022-06-13T11:22:52","date_gmt":"2022-06-13T05:52:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=497920"},"modified":"2022-06-13T11:22:52","modified_gmt":"2022-06-13T05:52:52","slug":"indinfravit-to-buy-5-road-projects-from-brookfield-in-1-2-billion-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indinfravit-to-buy-5-road-projects-from-brookfield-in-1-2-billion-deal\/","title":{"rendered":"IndInfravit to buy 5 road projects from Brookfield in $1.2 billion deal"},"content":{"rendered":"<p>BENGALURU: IndInfravit Trust said on Friday it would acquire five operational road projects from companies owned by Brookfield Asset Management&#8217;s funds in a deal valued at about $1.2 billion, including debt, as it seeks to expand its road portfolio.<br \/>\nThe deal with Canada&#8217;s Brookfield will extend the infrastructure investment trust&#8217;s presence into three more states, adding roads spread across 2,400 lane kilometres (kms). It currently has a portfolio of 13 operational road assets with about 5,000 lane kms spread across five states.<br \/>\nIndInfravit&#8217;s unit holders include Allianz insurance companies represented by Allianz Capital Partners, Canada Pension Plan Investment Board and OMERS Infrastructure.<br \/>\nThe transaction is subject to approval from regulatory authorities, lenders and unitholders of IndInfravit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU: IndInfravit Trust said on Friday it would acquire five operational road projects from companies owned by Brookfield Asset Management&#8217;s funds in a deal valued at about $1.2 billion, including debt, as it seeks to expand its road portfolio. The deal with Canada&#8217;s Brookfield will extend the infrastructure investment trust&#8217;s presence into three more states, adding roads spread across 2,400 lane kilometres (kms). It currently has a portfolio of 13 operational road assets with about 5,000 lane kms spread across five states. IndInfravit&#8217;s unit holders include Allianz insurance companies represented by Allianz Capital Partners, Canada Pension Plan Investment Board and [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,221,137],"tags":[],"class_list":["post-497920","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/497920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=497920"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/497920\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=497920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=497920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=497920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}