Brookfield Infrastructure Raises Distribution After Key Buys

  • Australian Asciano transaction set to close by end of August
  • Sees significant growth in Brazil despite polical problems
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Brookfield Infrastructure Partners LP plans to raise its distribution a further 3.5 percent with several key acquisitions set to close, including its A$9 billion ($6.83 billion) purchase with its partners of Australian port and rail operator, Asciano Ltd.

"We are pleased with our year-to-date financial results, and believe that we are on the cusp of further significant growth," Sam Pollock, chief executive officer of the Toronto-based company, said in a letter to shareholders Wednesday.