Brookfield Infrastructure Partners is buying home emergency repairs and improvements business HomeServe for £4.1bn (€4.9bn).

Brookfield is offering shareholders of the London listed firm 1,200p each for each share held. HomeServe’s shares last closed at 1,053p.

HomeServe said its directors intend to recommend unanimously that HomeServe shareholders vote in favour of the acquistion.

Established in 1993, HomeServe operates in the UK, US, Canada, France, Spain and Japan.

Brookfield said it intends to continue to invest in each of HomeServe’s businesses to “improve the long-term strategic value” of HomeServe’s businesses.

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