Type Public Area served Worldwide Operating income Revenue 1.86 billion USD (2015) | Traded as NYSE: BIPTSX: BIP.UN Key people Sam Pollock (CEO) Founded 2008 | |
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Stock price BIP (NYSE) US$ 35.82 +0.18 (+0.51%)3 Mar, 4:02 PM GMT-5 - Disclaimer Parent organization Brookfield Asset Management | ||
Brookfield infrastructure partners is this week s growth income stock
Brookfield Infrastructure Partners is a publicly traded limited partnership headquartered in Hamilton (Bermuda), that engages in the acquisition and management of infrastructure assets on a global basis. Sam Pollock is the chief executive officer of Brookfield Infrastructure Partners. He has held this position since 2006, and has been with Brookfield Asset Management since 1994.
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Until a spin-off in January 2008, Brookfield Infrastructure was an operating unit of Brookfield Asset Management, which retains a 41 percent ownership and acts as the partnership's general manager. The company's assets carried a book value of US$5.38 billion, in December 31, 2015.
Operations
After the spin-off from Brookfield Asset Management, Brookfield Infrastructure only operated timber properties and electricity transmission lines; in September 2008, the company announced it would expand and diversify its global operations by buying infrastructure holdings from distressed Babcock & Brown, thus adding approximately US$8 billion of assets under management.
In December 2010 the company completed a merger with Australian company Prime Infrastructure in which it held a minority interest.
In February 2011, the company owned and managed the following assets: