BBI babcock & brown infrastructure group

chances of a bounce tommoz?, page-32

  1. 135 Posts.
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    I think the article in todays AFR Street Talk settles this little article. Extract from Mergermarket attached (note the $500M value disclosure at foot - who knows what they are referring to here)

    19/05/2009 Babcock & Brown Infrastructure could potentially sell 100% stake in Dalrymple Bay Coal Terminal - report
    Story Babcock & Brown Infrastructure could potentially sell its 100% stake in Dalrymple Bay Coal Terminal, the Australian Financial Review reported.
    The unsourced report in the paper's Street Talk column said BBI had previously only looked to sell a portion of the asset but the article said it was now possible the whole asset could be sold. Macquarie Capital is handling the sales process on behalf of BBI, and Gresham was advising BBI.

    The paper said sale discussions were still thought to be at an early stage. The article said JPMorgan analysts had previously estimated the asset had an enterprise value of AUD 2.8bn (USD 2.1bn).


    Source Australian Financial Review
    Value AUD 500m (potential deal size)
    Stake Value N/A
 
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