Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 526

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 526
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 economic growth and expansion of the services we provide and markets we operate in. The goodwill recognized is not deductible for income tax purposes.

(b) Acquisition of a European Hyperscale Data Center Platform

On August 1, 2023, Brookfield Infrastructure, alongside institutional partners (the “ Data4 consortium”) completed the acquisition of Data4, a high-quality hyperscale data center platform across Europe, for consideration of $ 0.6 3 19 24

Consideration Transferred:

  US$ MILLIONS                   
  Cash                     $566  
  Total consideration      $566  

Fair value of assets and liabilities acquired:

  US$ MILLIONS                                                                  
  Cash and cash equivalents                                       $        189  
  Accounts receivable and other                                 287             
  Property, plant and equipment                                  35             
  Investment properties                                                  3,244  
  Intangible assets                                               6             
  Goodwill                                                      779             
  Accounts payable and other liabilities                     ( 229)             
  Non-recourse borrowings                                    ( 845)             
  Deferred income tax liabilities                            ( 418)             
  Net assets acquired before non-controlling interest                    3,048  
  Non-controlling interest (1)                             ( 2,482)             
  Net assets acquired                                             $        566  

(1) Non-controlling interest represents the interest not acquired by Brookfield Infrastructure, measured at fair value at the acquisition dates.

F-46 Brookfield Infrastructure

  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 goodwill recorded on acquisition is largely reflective of potential capacity and customer growth, arising from the business’ position as one of the leading data storage providers in Europe, and the increasing rate of global data consumption. The goodwill recognized is not deductible for income tax purposes.

(c) Acquisition of Brazilian electricity transmission operation

On May 2, 2023, Brookfield Infrastructure, alongside institutional partners (the “ Sertaneja consortium”), exercised its option to acquire an additional 15 35 114 31 100

Consideration Transferred:

  US$ MILLIONS                                         
  Cash                                     $       35  
  Pre-existing interest in businesses      35          
  Total consideration                      $       70  

Fair value