Subscribe to RSS feedShareholders approve Brookfield stake in DBCT
by
Sineva Toevai
—
last modified
Nov 19, 2009 02:41 PM
BROOKFIELD Asset Management’s 50% investment in the Dalrymple Bay Coal Terminal (DBCT) was sealed this week after shareholders of the terminal’s parent voted in favour of the $1.8bn bailout proposal.
The recapitalisation plan was approved at the Babcock & Brown Infrastructure (BBI) annual meeting by more than 80% of its ordinary shareholders and 99% of preference shareholders.
The deal came under threat last week after revelations that Royal Bank of...
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