Subscribe to RSS feedBrookfield takes DBCT stake in BBI deal
Canadian infrastructure investor Brookfield Asset Management would take a 49.9% stake in the Dalrymple Bay Coal Terminal as one part of a complex $1.1bn recapitalisation package being offered to Australia’s debt-laden Babcock & Brown Infrastructure.
Debt arrangement: Brookfield to take 49.9% stake in BBI (Photo: Southern Cross Maritime)
The proposal, still subject to BBI shareholder approval, would also see Brookfield fully acquire the UK ports group PD Ports for a “nominal sum” — rumoured to be $1 — while assuming £100m ($176m) of its debt.
Brookfield would pay $295m...
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