03:31:26 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Brookfield Infrastructure Partners LP
Symbol BIP
Shares Issued 458,633,280
Close 2023-05-03 C$ 48.23
Market Cap C$ 22,119,883,094
Recent Sedar Documents

Globe says Brookfield Infra sees deglobalization trend

2023-05-04 08:41 ET - In the News

The Globe and Mail reports in its Thursday edition that Brookfield Infrastructure Partners LP is seeing investment opportunities in transportation stemming from a growing trend toward "deglobalization" as countries around the world work to rebuild disrupted supply chains. The Globe's James Bradshaw writes that huge interruptions to the global flow of goods caused by the COVID-19 pandemic prompted businesses to make different decisions, and to prioritize investments in shoring up supply chains that allow them to make and deliver goods. Last month, Brookfield's infrastructure arm made a big move in this sector by acquiring the world's largest freight container player, Triton International, for $4.7-billion (U.S.) in cash and shares. The deal includes an equity investment of about $1-billion (U.S.) from Brookfield. The deal, when combined with prior investments, makes Brookfield one of the largest end-to-end transportation services in the world, said managing partner Dave Joynt. As companies start to revamp the way their supply chains work, "that's going to require significant capital, and I think that creates a lot of opportunity for us," he said. "You see people taking decisions they wouldn't have taken five years ago."

© 2024 Canjex Publishing Ltd. All rights reserved.