is working with banks to launch the sale of its 45 per cent stake in French towers firm TDF Group as it seeks to capitalize on growing demand for key infrastructure assets across Europe, sources told Reuters.
Brookfield’s move to cash out from TDF comes at a time of frantic investments in European towers’ companies, with major operators including Deutsche Telekom and Vodafone currently in talks with investment funds to sell all or part of their crown infrastructure jewels.TDF and Citi were not immediately available for comment.
Brookfield is looking to kick off an auction process before the summer, targeting deep-pocketed infrastructure investors that seek to deploy capital in core European markets, the sources said.
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