Brookfield Infrastructure Announces Sale of NGPL Amidst Strong Capital Recycling Momentum

BROOKFIELD, News, March 21, 2025 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (“BIP”) (NYSE: BIP; TSX: BIP.UN) signed an agreement to sell its remaining 25% interest in its U.S. gas pipeline to one of the business’s existing owners. This sale represents a complete and successful exit of the business, generating total proceeds of over $1.7 billion, crystalizing an attractive 18% IRR and a 3x multiple of capital on our investment since our recapitalization in 2015.