Brookfield Infrastructure has signed agreements to invest alongside institutional investors to acquire an approximate 27% interest in VLI, one of Brazil’s largest rail and port logistics businesses, for US$850 million ($909.2 million), of which Brookfield Infrastructure will invest about $350 million ($374.4 million).

“We are pleased to be expanding our transport platform by acquiring high quality port and rail assets in South America,” said Sam Pollock, CEO of Brookfield Infrastructure.

The terms of Brookfield’s investment include a mechanism to ensure that a minimum return is achieved over a period of up to six years from closing, which is expected to occur in the first half of 2014.

VLI is one of the largest logistics operators in Brazil, providing transport of general cargo in Brazil through an integrated system of railroads, ports and inland terminals. Its rail consists of more than 4,000 km under concession and is integrated with five inland terminals and three ports.

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