An announcement from Brookfield Infrastructure ( (TSE:BIPC) ) is now available.
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Brookfield Infrastructure Partners L.P. has made amendments to its Master Services Agreement, reflecting changes due to a plan of arrangement involving Brookfield Infrastructure Holdings Corporation and Brookfield Infrastructure Corporation. These changes include the exchange of class A shares and the introduction of New BIPC as a service recipient, aligning economic returns to partnership units. The amendments also cover reimbursement terms and conditions, maintaining Brookfield’s consent rights for issuing class A shares, which could impact the company’s financial operations and stakeholder relations.
More about Brookfield Infrastructure
Brookfield Infrastructure Partners L.P. operates within the infrastructure sector, focusing on owning and managing a diverse portfolio of high-quality infrastructure assets globally. Its primary services include utilities, transport, energy, and data infrastructure, aimed at providing essential services to the public and generating stable cash flows.
YTD Price Performance: 15.60%
Average Trading Volume: 405,804
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.48B
Find detailed analytics on BIPC stock on TipRanks’ Stock Analysis page.