Ann: Euroports - Co-investors take 29.7% interest, page-15

re: Ann: Euroports - Co-investors take 29.7% ... nalex - yes you are missing something.

cash released to BBI has no relationship whatsoever to book value.

the deal is a little murky in that they are issuing new equity in the vehicle in order to fund some capex and also to release a little cash back to BBI.

i am not close enough to bbi or to the assets to have a view on what it means for BBI overall, but the pricing of the equity issuance did not look like a disaster.