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Babcock&Brown Public Ptnrships Ltd
28 April 2008
Babcock & Brown Public Partnerships Limited
Babcock & Brown Public Partnerships Limited completes acquisition of eleven PPP
investments
Babcock & Brown Public Partnerships Limited (the "Company") is pleased to
announce that, in accordance with the C Share Prospectus dated March 2008, it
has completed the acquisition of eleven PPP investments for £40.6 million from
Babcock & Brown and its specialised funds and asset management platform. The
acquisition was completed on 25 April 2008 and the investments will be held in
the Company's C Share portfolio.
The PPP investments include the Orange Hospital project in Australia (100%
ownership), the Brescia Hospital in Italy (24% ownership), a further interest in
the Diablo Rail Link Project in Belgium (additional 27.5% ownership) and various
interests in the subordinated debt provided for the construction of eight
projects being developed under the NHS LIFT program (UK National Health Service
Local Improvement Finance Trust initiative).
The acquisitions take the number of investments in the Company's portfolio to
40, increase the Company's geographical diversity, and result in the C Share
portfolio being almost 50% invested.
For further information, please contact:
Babcock & Brown
Bianca Francis +44 (0)20 7203 7300
Anthony Kennaway +44 (0)20 7203 7300
About Babcock & Brown Public Partnerships Limited:
Babcock & Brown Public Partnerships Limited is a Guernsey incorporated, London
Stock Exchange listed company. The Company offers shareholders an exposure to
investment in infrastructure assets, particularly those with a public or social
character such as those developed under public bodies under private finance
initiative or public private partnership procurements.
The Company floated on the main market of the London Stock Exchange on 9
November 2006 and on 25 April 2008 had a market capitalisation of £341m
(BBPP.LSE). In April 2008 the Company undertook a further capital raising via a
C Share offering which listed on the London Stock Exchange on 22 April 2008 and
on 25 April 2008 had a market capitalisation of £85m (BBPC.LSE).
This information is provided by RNS
The company news service from the London Stock Exchange