International Public Partnerships Regulatory News (INPP)

28 Apr 2008 13:30

Babcock&Brown Public Ptnrships Ltd28 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 toannounce that, in accordance with the C Share Prospectus dated March 2008, ithas completed the acquisition of eleven PPP investments for £40.6 million fromBabcock & Brown and its specialised funds and asset management platform. Theacquisition was completed on 25 April 2008 and the investments will be held inthe 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 inthe Diablo Rail Link Project in Belgium (additional 27.5% ownership) and variousinterests in the subordinated debt provided for the construction of eightprojects being developed under the NHS LIFT program (UK National Health ServiceLocal Improvement Finance Trust initiative). The acquisitions take the number of investments in the Company's portfolio to40, increase the Company's geographical diversity, and result in the C Shareportfolio being almost 50% invested. For further information, please contact: Babcock & Brown Bianca Francis +44 (0)20 7203 7300Anthony 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 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 25 April 2008 had a market capitalisation of £341m(BBPP.LSE). In April 2008 the Company undertook a further capital raising via aC Share offering which listed on the London Stock Exchange on 22 April 2008 andon 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