Brookfield is in advanced talks for the sale of its Indian roads portfolio to IndInfravit Trust.
IndInfravit Trust is an infrastructure investment trust (InvIT) led by the Canada Pension Plan Investment Board (CPPIB), which also includes Canadian public pension fund OMERS and German insurer Allianz as shareholders. L&T Infrastructure Development Projects also acts as sponsor of the vehicle.
Brookfield’s portfolio, which includes five operational road assets, has an enterprise valuation of INR 9,000 crore to INR 9,500 crore ($1.2 billion to $1.3 billion), according to Economic Times India. The operational assets are valued at around INR 6,000 crore ($800 million), and the business also has about INR 3,000 crore to INR 3,200 crore ($400 million to $427 million) of debt. The assets all have long-term concession agreements in place with the National Highways Authority of India.
IREI understands that Brookfield and IndInfravit Trust are expected to fin
