Brookfield evaluates acquiring Reliance Infra

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Brookfield evaluates acquiring Reliance Infra

According to sources, Brookfield Asset Management is mulling to acquire Indian road assets from Reliance Infrastructure. Preliminary discussions between both parties for the assets have been initiated. 

The road portfolio of Reliance is composed of a total of 11 road projects which span approximately 1000 kms and are spread across 7 Indian states. The company expect to obtain approximately $1.3 billion for the road portfolio. All the roads have been developed on a build, operation and transfer (BOT) basis.

In early September, we reported that Gammon Infrastructure Projects Limited (GIPL) will divest stakes in nine project companies, 6 road and 3 power, to a consortium of Brookfield and Core Infrastructure India Fund (CIIF) under the name BIF India Holdings Pte Ltd. 

Brookfield is a global alternative asset manager with approximately US$225 billion in assets under management. It has over a 100-year history of owning and operating assets with a focus on property, renewable energy, infrastructure and private equity.

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