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Brookfield Infrastructure (BIP) is selling its interest in its timberland operations for $790M....

Brookfield Infrastructure (BIP) is selling its interest in its timberland operations for $790M. "The sale of our timberland assets was an opportunity to further our strategy of monetizing lower yielding assets to recycle capital into our utilities, transport and energy businesses. These transactions enabled us to monetize our remaining timberland assets at attractive prices reflecting their most recent third-party appraisals. With our strong pipeline of investment opportunities, we will seek to re-invest these proceeds at our targeted, after-tax return on equity of 12-15% per annum." (PR)
Comments (3)
  • XG300
    , contributor
    Comments (5) | Send Message
     
    An excellent and likely rewarding move
    16 Jun 2013, 08:36 PM Reply Like
  • lahdesa
    , contributor
    Comments (45) | Send Message
     
    There have been critical comments on the Brookfield accounting
    practices. As their most assets are very long term, their market
    value is difficult to asses. The timberland property was different
    from the others- not a typical buy and hold. It would have been
    interesting to see how much profit was generated and in how long a period.
    It will be interesting to see what new acquisitions have been cooking
    now that a fair sum of funding is in hand.
    17 Jun 2013, 01:39 AM Reply Like
  • edexter
    , contributor
    Comments (539) | Send Message
     
    toll roads, they can grab a bigger percentage of the toll road buisness they bought... Just my guess at where the excess capital goes..
    17 Jun 2013, 04:57 AM Reply Like
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