Brookfield Infrastructure Partners L.P. Has Agreed To Sell Entities That Hold Its Entire 25% Minority Interest In NGPL Holdings To One Or More Funds Controlled By ArcLight Capital Partners; Kinder Morgan Continues To Operate PipeCo's Pipeline Assets And Holds A 37.5% Interest In NGPL; No Financial Terms Disclosed

Author: Benzinga Newsdesk | March 21, 2025 01:03pm

Brookfield Infrastructure Partners L.P. has agreed to sell entities to ArcLight Capital Partners, LLC

NGPL PipeCo LLC (PipeCo) today announced that Brookfield Infrastructure Partners L.P. (NYSE:BIP, TSX:BIP) 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 pipeline assets and holds a 37.5% interest in NGPL Holdings. The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions.

Posted In: BIP KMI TSX:BIP