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Brookfield Infrastructure ( (BIP) ) has provided an announcement.
Brookfield Infrastructure L.P. has announced the eleventh amendment to its Amended and Restated Limited Partnership Agreement, effective December 24, 2024. This amendment follows a plan of arrangement involving Brookfield Infrastructure Holdings Corporation and the issuance of new class A exchangeable subordinate voting shares. The changes are intended to align economic returns for shareholders with the partnership units and establish New BIPC as a service recipient. These strategic adjustments aim to optimize the company’s structure and enhance shareholder value, reflecting Brookfield Infrastructure’s ongoing efforts to streamline operations and strengthen its market positioning.
More about Brookfield Infrastructure
Brookfield Infrastructure L.P. operates within the infrastructure sector, focusing on essential services and assets such as transportation, utilities, energy, and data infrastructure. The company aims to provide long-term returns to its investors by managing and investing in quality infrastructure assets globally.
YTD Price Performance: 6.99%
Average Trading Volume: 346,852
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $20.84B
See more data about BIP stock on TipRanks’ Stock Analysis page.
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