BBI 0.00% $3.98 babcock & brown infrastructure group

Ann: Ceasing to be a substantial holder , page-55

  1. 14,880 Posts.
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    Banks are generally not in the business of taking equity in companies. I know they have done it with BNB but this is a different scenario. BBI is a viable business with positive cashflows. BNB did not have that and the only reason the banks took equity in BNB was to screw the existing shareholders and BNBG holders so that any sale proceeds came to the banks.
 
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Currently unlisted public company.

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