Subscribe to RSS feedDalrymple Bay 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.
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...
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