International Public Partnerships Regulatory News (INPP)

21 Dec 2007 13:22

Babcock&Brown Public Ptnrships Ltd21 December 2007 Babcock & Brown Public Partnerships Limited Press Release 21 December 2007 Babcock & Brown Public Partnerships Limited completes acquisition of three infrastructure investments Babcock & Brown Public Partnerships Limited (the "Company") is pleased toannounce that, in accordance with the Acquisition Agreements dated 26 November2007 entered into by subsidiaries of the Company, completion of the acquisitionsof the three infrastructure investments detailed below from subsidiaries ofBabcock & Brown occurred yesterday, 20 December 2007. The infrastructure investments are as follows: 1. 95% of the equity and 100% of the subordinated debtinterests in the Amiens Hospital project, a French PPP project to design, build,finance and maintain a medical equipment sterilisation facility for the benefitof hospitals in the north of France led by the Centre Hospitalier Universitaired'Amiens; 2. 25% of the equity and subordinated debt interests in the NewSouth Wales Schools project, an Australian PPP project to design, construct,finance, operate and maintain ten new schools for the New South Wales Departmentof Education and Training; and 3. 100% of the equity and (when issued) subordinated debtinterests in the Dublin Criminal Courts project, an Irish PPP project to design,build, operate and maintain the new central criminal courts complex in Dublin. These acquisitions take the number of investments in the Company's portfolio to28 and increase the Company's geographical diversity. For further information, please contact: Babcock & Brown: +44 (0)20 7203 7300 Investors Bianca FrancisMedia Anthony Kennaway Heritage International FundManagers Limited, Secretary: +44 (0)1481 716000 Laurence McNairn Notes to Editors About Babcock & Brown Public Partnerships Limited: Babcock & Brown Public Partnerships Limited is a Guernsey incorporated, LondonStock Exchange listed company. The Company offers shareholders an exposure toinvestment in infrastructure assets, particularly those with a public or socialcharacter such as those developed under public bodies under private financeinitiative or public private partnership procurements. The Company floated on the main market of the London Stock Exchange on 9November 2006 and on 16 November 2007 had a market capitalisation of £321.8million. This information is provided by RNS The company news service from the London Stock Exchange