Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBBGI Global Infrastructure Regulatory News (BBGI)

  • There is currently no data for BBGI

Acquisition

9 Jun 2015 07:00

RNS Number : 5658P
BBGI SICAV S.A.
09 June 2015
 



9 June 2015

 

BBGI SICAV S.A.

(the "Company")

 

Acquisition of further interest in

Northern Territory Secure Facilities PPP Project in Australia

 

BBGI SICAV S.A. (LSE ticker: BBGI) is pleased to announce that it has entered into a Share and Unit Sale Agreement with Commonwealth Investments Pty Limited to acquire the remaining 50% equity interest in the Northern Territory Secure Facilities PPP Project ("NTSF") in Australia. Upon completion, BBGI will own 100% of the equity interest in NTSF.

 

The Share and Unit Sale Agreement is conditional on the receipt of third party consents and regulatory clearance by the Australian Foreign Investment Review Board. The acquisition is expected to complete once all such consents and clearances have been obtained.

 

The Northern Territory Secure Facilities is a new 1,000 bed correctional facility, located on a greenfield site at Holtze, near Darwin, Australia. NTSF became operational in 2014 and allows Northern Territory Corrections to engage prisoners into structured daily programs in order to foster rehabilitation and stronger re-integration.

 

The concession term runs until June 2044. BBGI will receive availability payments during the concession period from the Northern Territory government which is rated Aa1 by Moody's Investor Services.

Duncan Ball, Co-CEO said:

"We are very pleased to increase our stake in this high quality PPP/PFI project. This acquisition was concluded without engaging in an auction process."

 

Frank Schramm, Co-CEO said:

"This acquisition demonstrates our ability to efficiently add value by acquiring stakes in existing projects where our existing knowledge of the asset serves us well. BBGI will selectively pursue further growth opportunities in both new and existing assets."

 

The acquisition will be funded using the Company's credit facility.

 

 

For further information, please contact:

 

BBGI Management Team +352 263 479-1

Frank Schramm

Duncan Ball

 

Maitland +44 (0) 20 7379 5151

Liz Morley

 

 

BBGI owns a global portfolio of 36 infrastructure assets. These are PPP assets and are supported by contracted, public sector-backed revenue streams, with inflation-protection characteristics.

 

Further information about BBGI is available on its website at www.bb-gi.com *.

 

Any reference to the Company or BBGI refers also to its subsidiaries (where applicable).

 

*Neither the Company's website nor the content of any website accessible from hyperlinks on its website (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQQVLFBEQFBBBV
Date   Source Headline
6th Nov 201810:20 amRNSHolding(s) in Company
31st Oct 20184:00 pmRNSTotal Voting Rights
25th Oct 20184:11 pmRNSDirector/PDMR Shareholding
23rd Oct 20187:00 amRNSAdditional Listing
12th Oct 20184:37 pmRNSHolding(s) in Company
12th Oct 20187:00 amRNSInclusion in FTSE 250 Index
9th Oct 20186:10 pmRNSSky
1st Oct 20187:53 amRNSTotal Voting Rights
26th Sep 201812:41 pmRNSHolding(s) in Company
26th Sep 201810:56 amRNSHolding(s) in Company
24th Sep 20189:01 amRNSHolding(s) in Company
20th Sep 20182:40 pmRNSHolding(s) in Company
17th Sep 20184:45 pmRNSHolding(s) in Company
17th Sep 20184:02 pmRNSScrip Dividend Circular
14th Sep 20187:00 amRNSResult of Equity Issue
13th Sep 20181:44 pmRNSHolding(s) in Company
11th Sep 20187:00 amRNSProposed Placing
7th Sep 201810:40 amRNSHalf-year Report - Replacement
7th Sep 20189:41 amRNSAnnual Financial Report
31st Aug 20187:00 amRNSInterim Results for six months ended 30 June 2018
30th Aug 20184:45 pmRNSDividend Declaration
29th Aug 20183:37 pmRNSResult of Meeting
1st Aug 20188:24 amRNSDate of Interim Results and Analysts Presentation
31st Jul 20189:42 amRNSHolding(s) in Company
30th Jul 20183:55 pmRNSNotice of GM
19th Jul 201811:16 amRNSDirectorate Change
17th Jul 20188:01 amRNSHolding(s) in Company
17th Jul 20187:00 amRNSAcquisition
2nd Jul 20188:48 amRNSHolding(s) in Company
29th Jun 20185:12 pmRNSTotal Voting Rights
29th Jun 20182:13 pmRNSDirectorate Change
29th Jun 20182:02 pmRNSResult of Meeting
29th Jun 20187:00 amRNSAcquisition
28th Jun 20185:31 pmRNSHolding(s) in Company
27th Jun 201810:58 amRNSHolding(s) in Company
21st Jun 20185:46 pmRNSHolding(s) in Company
8th Jun 201811:23 amRNSDirector/PDMR Shareholding
5th Jun 20187:00 amRNSAdditional Listing
30th May 20184:30 pmRNSGM Convening Notice and Proxy Form
23rd May 20188:04 amRNSNotification of Major Holdings
1st May 20187:00 amRNSTotal Voting Rights Update
30th Apr 20184:30 pmRNSScrip Dividend Circular
30th Apr 20183:23 pmRNSResults of Annual General Meeting
26th Apr 20183:31 pmRNSNotification of Major Holdings
19th Apr 20187:00 amRNSResult of Equity Issue
18th Apr 201810:37 amRNSDirector/PDMR Shareholding
17th Apr 20187:00 amRNSProposed Placing
16th Apr 20184:21 pmRNSAdditional Listing
16th Apr 20187:25 amRNSAcquisition of further interest
11th Apr 20189:47 amRNSAnnual Financial Report 2017

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.