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12/08/09
11:36
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Are my assumptions correct?
$900-$920m writedown
Euroports = (Euro 120m)$209m loss for 40% (I assume this hits the P&L)
remaining 60% (on the balance sheet) to be written down = $314m
so call it $600m remaining to be allocated across the other assets - PD Ports/NGPL/DBCT etc
PD ports will probably get a whack given the issues with Corus
Surely the auditors would check the progress of the DBCT negotiations for a material event after the period...
surely this has to bode well for the DBCT sale value?
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