With Rs 144-bn pipeline deal, Brookfield reinforces global strategy

Globally, Brookfield is an aggressive investor in energy assets and related infrastructure

If all goes well, Canadian investor Brookfield will soon buy East West Gas Pipeline Ltd, owner of a 1,400-km pipeline from Kakinada on the east coast to Bharuch on the west, from the Ambanis for an estimated $2 billion (Rs 144 billion).

With this deal (its largest ever), it may appear that Brookfield is renewing its focus on infrastructure deals but the Canadian investor will continue to pursue its global strategy of chasing opportunities in four areas — real estate, infrastructure, power and private equity. Its strategy is to buy assets where it can add operational value. It draws on