Brookfield Infrastructure To Invest $490 Mln In Brazilian Toll Roads

(RTTNews) - Brookfield Infrastructure (BIP, BIP_UN.TO) announced that it will invest a further approximate $490 million in Arteris S.A.,its Brazilian toll road platform, increasing its ownership to about 31%.

Arteris is one of the largest owners and operators of toll road concessions in Brazil, with over 3,200 km of roads in states that account for approximately 65% of Brazil's GDP and that are home to nearly two-thirds of the country's approximately 70 million vehicles.

In October 2012, a joint venture formed between a Brookfield Infrastructure consortium and Abertis Infraestructuras, S.A. purchased 60% of Arteris. The current investment results from the previously announced mandatory tender offer that the joint venture was required to make to the holders of the 40% of Arteris not owned by the joint venture.