Hamilton, Bermuda, April 7, 2008 — Brookfield Infrastructure Partners L.P. announced they have increased their ownership in the Chilean transmission company Transelec Chile S.A. (Transelec) from 10.7 percent to 17.8 percent at a cost of $111.3 million.
Brookfield Infrastructure’s increased investment in Transelec was the result of the finalization of a purchase price adjustment payment by the ownership group following the completion of Transelec’s recent transmission rate proceeding. The purchase price adjustment resulted in an increase of Transelec’s asset base to a total of $494.4 million for the regulated, high-voltage component of its business.
Transelec owns 8,279 km of transmission lines that serve 98 percent of Chile’s population and includes all of Chile’s 500 kV transmission lines and approximately 46 percent of the country’s high voltage lines between 110 kV and 500 kV.
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