Brookfield Asset Management Inc. (BAM-A.TO,BAM) and Brookfield Infrastructure Partners L.P. (BIP, BIP-UN.TO) announced that they have signed an agreement with Babcock & Brown Infrastructure, or BBI, to sponsor a comprehensive restructuring and recapitalization.
As per the agreement with BBI, Brookfield Asset Management and Brookfield Infrastructure have jointly and severally subscribed for a proposed investment in stapled securities and assets of BBI of approximately US$1.1 billion. The proposed investment is comprised of the purchase of approximately A$625 million to A$713 million, or approximately US$555 million to US$635 million, of stapled securities for a 35% to 40% interest in the restructured BBI and A$295 million, or approximately US$265 million, for the direct purchase from BBI of a 49.9% economic interest in Dalrymple Bay Coal Terminal, in Queensland, Australia, and 100% of PD Ports. Immediately following the purchase of PD Ports, Brookfield will repay Pounds Sterling 100 million, or approximately US$160 million, of debt at PD Ports.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.