Last checked at 
15 Nov 2013 07:00
15 November 2013
THIS ANNOUNCEMENT IS FOR INFORMATION ONLY AND DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE CONSTRUED AS, ANY OFFER FOR SALE OR SUBSCRIPTION OF, OR SOLICITATION OF ANY OFFER TO BUY OR SUBSCRIBE FOR, ANY SHARES IN ANY JURISDICTION.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, OR INTO OR FROM CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.
Bilfinger Berger Global Infrastructure SICAV S.A.
Acquisition of pipeline assets
Bilfinger Berger Global Infrastructure SICAV S.A. ("BBGI" or the "Company") is pleased to announce that, further to the announcement on 2 October 2013, it has signed an acquisition agreement with Bilfinger Group ("Bilfinger") in relation to the acquisition of interests in 11 pipeline assets for a total consideration of £204 million.
Summary of pipeline assets
Sector | Project | Country | Interest |
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Availability based Roads | Golden Ears Bridge (remaining interest) | Canada | 50.00% |
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DBFO-1 Road Service (M1 Westlink) | UK | 75.00% |
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E18 Motorway | Norway | 58.80% |
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Ohio River Bridges | US | 33.33% |
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Southern Way (PenLink) | Australia | 33.33% |
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Education | Lagan College | UK | 70.00% |
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Tor Bank School | UK | 70.00% |
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Health | Mersey Care Mental Health Hospital | UK | 24.5%* | |||
Womens' College Hospital | Canada | 100.00% | ||||
Justice | Northern Territories Prison | Australia | 50.00% |
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Avon & Somerset Police HQ | UK | 70.00% |
| |||
*24.5% equity interest and 40% subordinated debt interest
Six of the pipeline assets are operational and it is expected that two more will become operational during 2014. All pipeline assets are classified as availability-based under the investment policy of the Company.
The acquisition agreement is conditional on the Company raising additional equity capital during Q4 2013 by way of a placing, open offer and offer for subscription of new Shares (the "Issue"), the receipt of third party (including shareholder) consents, regulatory clearance under the Canadian Competition Act, Investment Canada Act and by the Australian Foreign Investment Review Board and certain project specific conditions. The acquisitions are expected to be completed in Q4 2013 and Q1 2014 once all such consents and clearances have been obtained.
The target size of the Issue is expected to be approximately £200 million and a prospectus relating to the Issue is expected to be published later this month. A further announcement giving full details of the Issue will be made at the time of publication of the prospectus.
Further information about BBGI is available on its website at www.bb-gi.com.
For further information please contact:
BBGI Management Team +352 2634791
Frank Schramm
Duncan Ball
Jefferies Hoare Govett +44 (0)20 7029 8000
Gary GouldAlex Collins
Oriel Securities Limited +44 (0)20 7710 7600
Neil WinwardTom Yeadon
Maitland +44 (0)20 7379 5151
Liz Morley
Important Notice
This announcement is for information purposes only. This announcement is not a prospectus. This announcement does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any shares in Bilfinger Berger Global Infrastructure SICAV S.A. (the "Company") or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness.
Any investment decision must be made exclusively on the basis of any prospectus published by the Company and any supplement thereto in connection with the admission of ordinary shares of the Company ("Ordinary Shares") to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities.
Jefferies International Limited and Oriel Securities Limited (together, the Joint Sponsors) each of which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, are acting exclusively for the Company and no-one else in connection with the Issue or the matters referred to in this announcement, will not regard any other person as their respective client in relation to the Issue and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for providing advice in relation to the Issue or any transaction or arrangement referred to in this announcement.