Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 525

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 525
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 L. P.                                                   
  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)                                     
  As of December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022  

Acquisitions Completed in 2023

(a) Acquisition of a Global Intermodal Logistics Operation

On September 28, 2023, Brookfield Infrastructure, through its subsidiary Brookfield Infrastructure Corporation and alongside institutional partners (the “ Triton consortium”) completed the acquisition of Triton International Limited (“ Triton”), the world’s largest owner and lessor of intermodal shipping containers, for consideration of $ 1.2 4.5 28 49

Consideration Transferred:

  US$ MILLIONS                                               
  Cash                                       $          350  
  BIPC exchangeable shares                   751             
  Pre-existing interest in the business      55              
  Total consideration                        $        1,156  

Fair value of assets and liabilities acquired:

  US$ MILLIONS                                                                  
  Cash and cash equivalents                                       $        491  
  Accounts receivable and other (1)                                      1,871  
  Property, plant and equipment                                          8,811  
  Intangible assets                                             710             
  Goodwill                                                               1,163  
  Accounts payable and other liabilities                     ( 408)             
  Non-recourse borrowings                                  ( 7,041)             
  Deferred income tax liabilities                            ( 444)             
  Net assets acquired before non-controlling interest                    5,153  
  Non-controlling interest (2)                             ( 3,997)             
  Net assets acquired                                             $      1,156  

(1) Accounts receivable and other primarily comprised of finance lease receivables, trade receivables, and other financial assets.

(2) Non-controlling interest includes $ 641

Brookfield Infrastructure F-45

  BROOKFIELD INFRASTRUCTURE PARTNERS L. P.                                                   
  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)                                     
  As of December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022  

The partnership acquired intangible assets of $ 0.7 50 10 50

The goodwill recorded on acquisition is largely reflective of Triton’s potential to achieve fleet growth over time, supported by underlying global