IndInfravit to acquire five India assets of Brookfield in $1.2 billion deal

In an effort to extend its road portfolio, India’s IndInfravit Trust would acquire five operating road projects from entities owned by Brookfield Asset Management for around $1.2 billion, including debt. The agreement with Canada’s Brookfield will expand the infrastructure investment trust’s footprint to three other states, adding 2,400 lane km of roadways.