Brookfield Infrastructure Partners to acquire a 49% stake in EduCo from SBB for $986m.

Brookfield Infrastructure Partners, an investment company, agreed to acquire a 49% stake in EduCo, an education infrastructure portfolio, from SBB, a Sweden-based company, which owns community properties in the Nordic region, for $986m. “We are delighted to join forces with Brookfield, a world-class, highly reputable infrastructure asset investor. Establishing EduCo will make us even better placed to continue delivering important infrastructure to the Nordic welfare states. There will be an increasing need for schools, preschools and university buildings in the Nordics, a market in which we already have a strong foothold. With Brookfield as our long-term partner we will also benefit from diversifying SBB Group’s funding sources, whilst we accelerate deleveraging of our Group balance sheet in line with our strategy,” Ilija Batljan, SBB CEO and Founder.