Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. View here

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

17 Jun 2015 07:00

RNS Number : 3933Q
BBGI SICAV S.A.
17 June 2015
 



17 June 2015

 

BBGI SICAV S.A.

(the "Company")

 

Acquisition of further interest in

Avon & Somerset Police HQ PPP Project in the UK

 

BBGI SICAV S.A. (LSE ticker: BBGI) is pleased to announce that it has signed and completed a Sale and Purchase Agreement with Galliford Try Corporate Holdings Limited to acquire a further 30% equity interest in the Avon & Somerset Police HQ PPP Project in the UK.

 

The asset consists of four police buildings (an operation base, two custody and crime investigation centres, and a tri-forces firearms training centre).

 

The concession term runs until March 2038. BBGI will receive availability payments during the concession period from the Avon & Somerset Police Authority.

 

Frank Schramm, Co-CEO said:

"Having first invested in this high quality PPP project in 2014, we are delighted to secure this opportunity to further increase our stake. This acquisition was made on accretive terms and was concluded without engaging in an auction process."

 

Duncan Ball, Co-CEO said:

"This acquisition demonstrates our ability to efficiently add value by acquiring stakes in existing projects where our 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 existing cash resources.

 

 

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
 
 
ACQEDLBFEQFFBBL
Date   Source Headline
11th Jul 20127:00 amRNSAcquisition
4th Jul 201210:26 amRNSTR-1: Notification of Major Interest in Shares
2nd Jul 20126:12 pmRNSTR-1: Notification of Major Interest in Shares
24th May 201212:31 pmRNSTR-1: Notification of Major Interest in Shares
17th May 201210:36 amRNSTR-1: Notification of Major Interest in Shares
16th May 20124:08 pmRNSTR-1: Notification of Major Interest in Shares
14th May 20124:44 pmRNSTR-1: Notification of Major Interest in Shares
14th May 20121:44 pmRNSAnnual Information Update
14th May 20121:12 pmRNSTR-1: Notification of Major Interest in Shares
11th May 20128:53 amRNSInterim Management Statement
9th May 201211:15 amRNSTR-1: Notification of Major Interest in Shares
2nd May 201210:09 amRNSAcquisition
1st May 201211:35 amRNSDividend Declaration
30th Apr 20122:49 pmRNSTR-1: Notification of Major Interest in Shares
30th Apr 20122:26 pmRNSResult of AGM
23rd Apr 20125:59 pmRNSTR-1: Notification of Major Interest in Shares
13th Apr 201211:00 amRNSAnnual Financial Report
30th Mar 201212:07 pmRNSNotice of AGM
29th Mar 20127:00 amRNSAcquisition of portfolio assets
27th Mar 20124:27 pmRNSAudited First Year End Results
14th Mar 20128:07 amRNSAppointment of Advisers
8th Mar 20127:00 amRNSBBGI included in FTSE Small Cap and All Share
2nd Mar 201210:09 amRNSAnnounces completion of Victoria Prisons
21st Feb 20127:00 amRNSCompletion of Royal Women's Hospital
8th Feb 20127:00 amRNSCompletion of two Seed Portfolio Acquisitions
4th Jan 20121:22 pmRNSDirector Declaration
3rd Jan 20124:31 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
29th Dec 20119:20 amRNSTR-1 NOTIFICATION OF MAJOR INTEREST IN SHARES
28th Dec 20117:00 amRNSTR-1 NOTIFICATION OF MAJOR INTEREST IN SHARES
28th Dec 20117:00 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
28th Dec 20117:00 amRNSTR-1 NOTIFICATION OF MAJOR INTEREST IN SHARES

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.