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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.