Brookfield Infrastructure Partners L.P.'s Bold Brazilian Bet Pays Off in the Second Quarter

Brookfield Infrastructure Partners L.P.'s Bold Brazilian Bet Pays Off in the Second Quarter

Brookfield Infrastructure Partners (NYSE: BIP) closed its acquisition of a stake in Petrobras' (NYSE: PBR) natural gas transmission business in Brazil during the second quarter. That deal, when combined with strong organic growth, drove earnings higher. Meanwhile, the company continues to expand its capital project backlog, and it has several acquisitions in the pipeline that position it to continue growing at a healthy rate.

Metric

Q2 2017

Continue reading

Source: Fool.com