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Brookfield Infrastructure to buy 50 pct of TDF’s French unit: Reuters

(Reuters) – Canada’s Brookfield Infrastructure is to buy a 50 percent stake in the French unit of telecoms masts group TDF for 1.78 billion euros (US$2.2 billion) alongside several partners, the firm said on Thursday, valuing the unit at 3.5 billion euros.

The other 50 percent of TDF’s French unit will be acquired by other transaction partners, the company said in a statement.

The transaction is subject to completion of customary labour consultation under French labour law and is expected to be completed in the first quarter of 2015.

Reuters reported earlier in the week that a deal had been agreed to sell the whole of TDF’s French unit, owned by private equity firms TPG, Ardian, Charterhouse, and French state bank Bpifrance, to a Canadian consortium for 3.5 billion euros (US$4.40 billion).

(Reporting By Freya Berry; editing by Sophie Sassard)

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