International Public Partnerships Regulatory News (INPP)

16 Nov 2006 17:14

Babcock&Brown Public Ptnrships Ltd16 November 2006 Not for publication, release or distribution in whole or in part in Australia, Canada, Japan or the United States Babcock & Brown Public Partnerships Limited (Incorporated in Guernsey with registered number 45241) Completion of acquisition of portfolio of infrastructure investments Babcock & Brown Public Partnerships Limited (the "Company") is pleased toannounce that in accordance with the Acquisition Agreements entered into bywholly owned subsidiary undertakings of the Company on 10th October 2006,completion of the acquisition of interests in 6 NHS LIFT projects, theAustralian RiverCity Motorway project and 10 UK PFI projects (including thesenior debt in respect of two of those projects) occurred on 9 November 2006.Completion of the acquisition of the remaining assets is expected to occur asanticipated and in accordance with the terms of the respective AcquisitionAgreements. For further information, please contact: Babcock & Brown Anthony Kennaway +44 (0)20 7203 7300 UBS Limited Steven Wirth +44 (0)20 7567 8000 UBS Limited ("UBS" or "UBS Investment Bank") acted as sponsor and sole placingagent for the Issue. UBS acted exclusively for the Company and no-one else inconnection with the Placing and the Offer. UBS will not be responsible to anyoneother than the BBPP for providing the protections afforded to their respectiveclients nor for providing advice in relation to the acquisition or the Placingor the Offer or any other matter referred to in this announcement. This information is provided by RNS The company news service from the London Stock Exchange