Chris Josselyn

Prime minister Gordon Brown has unveiled proposals to sell ‘non-financial’ assets including transport infrastructure, student loans, a uranium processing business, and a state-owned bookmaker for a combined £3bn. The subsequent sale of local government real estate assets could raise an additional £13bn.

The Australian Infrastructure Fund is to hold onto its 10% interest in the holding company of Melbourne Airport after previously considering selling it. The holding company was valued at A$300m in the summer.

A Chinese investment fund is preparing to enter a joint venture with the military-backed government of Guinea in West Africa in which it will provide up to $7bn of financing for infrastructure projects in return for oil and mineral stakes, according to a report in the Financial Times.

A PEI Media survey of institutional investors in infrastructure has shed new light on the debate over whether private equity-style compensation structures are appropriate in infrastructure. It also found 60% of investors have been active in the space for less than three years.

The recapitalisation will see Brookfield invest up to A$712.5m in the company for a 40% stake in BBI, a 50% interest in the Dalrymple Bay Coal Terminal and 100% of PD Ports. The deal will add US$8bn to Brookfield's infrastructure AUM.

The London-listed renewable energy firm has rejected a £90.5m offer from Terra Firma-owned Infinis Energy, claiming it ‘significantly undervalues’ the company.

The £3.2bn London Pension Fund Authority is looking to redeploy part of its cash pile in investments in private equity and infrastructure.

The firms have placed 6.55bn pesos of equity for a 32% stake in Mexican toll road operator Red de Carreteras de Occidente, through a new investment vehicle designed to encourage institutional investors to provide finance to infrastructure projects.

The Energy Infrastructure Investments syndicate is to acquire the Hallett 4 wind farm in South Australia from Australian energy company AGL. The facility is still under construction.

Westralia Airports Corporation, the owner of Perth Airport, has arranged A$740m of new debt facilities and raised A$142m of equity from its existing shareholders.