Brookfield Infrastructure Partners L.P. (NYSE:BIP) alongside institutional partners made a offer to acquire the remaining 82.8% stake in Gas Natural S.A. ESP. (BVC:GASNATURAL) from Gas Natural Distribucion Latinoamericana, Grupo Energía Bogotá S.A. E.S.P. (BVC:EEB), Administradora de Fondos de Pension Porvenir S.A., Administradora de Fondos de Pensiones y Cesantías Protección S.A. (BVC:PROTECCION), Gases Unidos De Colombia Ltda and others for COP 2.2 trillion on April 13, 2018. Brookfield Infrastructure Partners offered COP 72,696 per share. Brookfield Infrastructure secured financing from Sumitomo Mitsui Banking Corporation, Export Development Canada, Scotiabank, Itaú Corpbanca Colombia and Fiduciaria Colpatria S.A. in order to finance the acquisition of Gas Natural S.A. ESP.

Credit Suisse Securities LLC acted as financial advisor to Gas Natural S.A ESP(GNF). Roland Estevez, Jeff Leider, Séverine Losembe and Clara Robledo-Sanchez of Milbank, Tweed, Hadley & McCloy LLP and Juan Fernando Gaviria, María Camila Quintero, Stefanía Olmos, Beatriz Albors, Ana María Ramírez and Daniela Duque of Philippi Prietocarrizosa Ferrero DU & Uría acted as legal advisor to the lenders. Ricardo Trejos, Sebastián Luque, Paola González, Daniel Botero and Felipe Sanclemente of Baker McKenzie acted as legal advisor to Brookfield Infrastructure on the financing. Jonathan Wiener and Clint Monteith of Torys acted as legal advisor to Brookfield Infrastructure. Baker & McKenzie's Bogota and New York offices acted as legal advisors for Brookfield Infrastructure Partners.

Brookfield Infrastructure Partners L.P. (NYSE:BIP) alongside institutional partners completed the acquisition of 55% stake in Gas Natural S.A. ESP. (BVC:GASNATURAL) from Gas Natural Distribucion Latinoamericana, Grupo Energía Bogotá S.A. E.S.P. (BVC:EEB), Administradora de Fondos de Pension Porvenir S.A., Administradora de Fondos de Pensiones y Cesantías Protección S.A. (BVC:PROTECCION), Gases Unidos De Colombia Ltda and others for COP 1.5 trillion on June 1, 2018. Gas Natural completed the sale of its 41.9% stake in Gas Natural S.A. ESP to Brookfield for COP 1.1 trillion. The acquisition was funded through equity of $309 million (COP 837.9 billion) and the remainder with asset level debt raised concurrently on closing.