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NGPL PipeCo LLC Announces Sale of Indirect Interest in NGPL Holdings LLC

1. BIP sells 25% stake in NGPL Holdings to ArcLight, altering ownership dynamics. 2. ArcLight will control 62.5% of NGPL Holdings post-sale, impacting BIP's influence.

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FAQ

Why Neutral?

The sale reflects strategic repositioning rather than an immediate net gain or loss. Historically, divestments have mixed impacts on similar infrastructure firms depending on broader market conditions.

How important is it?

While the divestment is significant, its overall implication on BIP's financial health is moderate. Investors may need to monitor ArcLight’s plans to assess long-term impacts.

Why Short Term?

Market adjustments may occur as investors assess ArcLight's future plans for NGPL. Ongoing performance analysis of NGPL may reflect on BIP's valuation soon after the sale.

Related Companies

KMI
HOUSTON--(BUSINESS WIRE)--NGPL PipeCo LLC (PipeCo) today announced that Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN) has agreed to sell entities that hold its entire 25.0% minority interest in NGPL Holdings LLC (NGPL Holdings), PipeCo's indirect parent company, to one or more funds controlled by ArcLight Capital Partners, LLC (ArcLight). Upon closing, ArcLight funds will hold a 62.5% interest in NGPL Holdings. Kinder Morgan, Inc. (NYSE: KMI) continues to operate PipeCo's pip.

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