Distribution, Gas, Markets, Technology

Tas Gas Network changes hands in BBI corporate restructure

Under the agreement Brookfield Asset Management and Brookfield Infrastructure Partners will invest between $625-713 million dollars for the interest in BBI, which will be renamed Prime Infrastructure.

Prime Infrastructure will own a 100 per cent interest in Tas Gas Network – a natural gas distributor that delivers natural gas to homes and businesses in Tasmania.

Tas Gas Network was formerly known as Powerco Tasmania but changed its name in March 2009 following the sale of 50 per cent of its parent company Powerco by BBI to the Queensland Investment Corporation.

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