Brookfield Infrastructure announced that the company and its institutional partners have executed definitive documents to acquire the remaining 45% of the Autopista Vespucio Norte or AVN toll road that they do not currently own for approximately $590 mn, according to reports.
Reports stated that Brookfield Infrastructure will participate by investing approximately $165 million, which will result in an aggregate ownership interest in AVN of 51% upon completion.
The transaction is expected to close in October of 2012, says report.