Ann: Euroports - Co-investors take 29.7% interest, page-14

re: Ann: Euroports - Co-investors take 29.7% ... Good to see the company come out with the announcement prior Christmas as promised. IMO this puts alot more confidence in them and their vision for the company (co-partnering).

As I have pointed out before BBI has some assets good for growth. Naturally, while not returning a massive amount of cash to BBI ($35m), it provides Euroports with cash to fund this growth (for example the new terminal in Spain) and increase the enterprise value. This was needed as debt was almost impossible to raise given the nature of the credit crunch. It is provides for future divestment opportunities, which will return cash to BBI.

IMO they still need one co-partnering deal that returns significant cash to BBI (to materially reduce corporate debt), possibly DBCT to really see any massive sp movement. As always time will tell and I may be wrong.

Cheers