Subscribe to RSS feedBBI faces UK port asset revision
by
Roger Hailey - Lloyd's List
—
last modified
Jun 23, 2009 12:31 PM
Babcock & Brown Infrastructure (BBI) may have to cut its estimated £450m ($937m) price tag for the north east UK ports and logistics operator, PD Ports.
It comes as major customer Corus considers mothballing its Teesside Cast Products plant.
PD Ports chief executive David Robinson said the £450m figure outlined in press reports was “fairly accurate”, but described estimates of a £300m revision as “too low”.
Steelmaker Corus,...
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