Brookfield confirms $428m selldown in Dalrymple Bay Infrastructure
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The news: Brookfield Infrastructure Partners has divested a 23.2% stake in Dalrymple Bay Infrastructure (DBI), five years after listing the Queensland-based coal export facility on the ASX.
The numbers: Brookfield Infrastructure — the flagship listed infrastructure company of investing giant Brookfield Asset Management — has entered a block trade agreement to sell 115 million DBI shares, worth around $428 million.
Brookfield will remain DBI's largest shareholder after the selldown, retaining a 26.25% interest.
The context: In a release to the market, Brookfield said it "continues to regard DBI as an attractive investment managed by an exceptional team led by CEO Michael Riches."
Brookfield listed DBI on the ASX in 2020, keeping a 49% interest in the company.
What they said: "Brookfield's sale of securities materially increases the number of securities freely tradable on the ASX, making DBI's inclusion in the S&P ASX 200 more likely in the near term," the company said.
"Brookfield confirms it is not in possession of any information that a reasonable person would expect to have a material effect on the price or value of DBI's securities."
The source: ASX
