Here is another snippet just gleaned from SMH., http://business.smh.com.au/business/bbi-halted-as-investor-talks-continue-20090902-f7g8.html
"BBI has since been selling assets to reduce its debt and currently has both Dalrymple Bay and its PD Ports operation in Britain up for sale in order to bring its huge borrowings down even further.
However, the company has yet to find a buyer who is prepared to pay the prices that BBI is seeking.
The addition of a new significant shareholder would help to alleviate part of that burden and it is likely that the deal could involve a tie-up with Dalrymple Bay as BBI is hoping to maintain a stake in its most profitable business."
Interesting bit is that it is likely a portion of DBCT is going to be offered a guarantee and deal sweetener for the investor. I hope this is along the lines of the Euroports sweetener, but only makes an apportionment at some future date if certain financial goals are not met etc and keeps DBCT intact and inhouse for the moment.
ifandwhen
So it looks like DBCT stays in
Its sale process is being handled by Macquarie Capital Advisers which has
BBI Price at posting:
7.8¢ Sentiment: LT Buy Disclosure: Held
