August 1, 2018 / 12:02 PM / a year ago

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

(Reuters) - Canadian home services company Enercare Inc ECI.TO said on Wednesday it would be bought by Brookfield Infrastructure Partners (BIP.N) for C$4.3 billion ($3.30 billion) as the asset management firm looks to expand 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 (BAMa.TO), said it would buy Forest City Realty Trust Inc FCEa.N in a deal valued at $11.4 billion.

Reporting by Laharee Chatterjee in Bengaluru

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