August 1, 2018 / 11:58 AM / 4 months ago

Canada's Enercare to be bought by Brookfield Infrastructure for C$4.3 bln

Aug 1 (Reuters) - Canadian homeservices company Enercare Inc said on Wednesday it would be bought by Brookfield Infrastructure Partners for C$4.3 billion ($3.30 billion) as the asset management firm looks to expand its business across Canada.

Brookfield Infrastructure’s offer of C$29 per Enercare share represents a 53 percent premium to Enercare Tuesday’s close.

On Tuesday, Brookfield Infrastructure’s parent company, Brookfield Asset Management Inc, said it would buy Forest City Realty Trust Inc in a deal valued at $11.4 billion.

$1 = C$1.30 Reporting by Laharee Chatterjee in Bengaluru

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