re: Ann: Further details concerning AETD Asse... This is good,...

re: Ann: Further details concerning AETD Asse... This is good, it was what was needed to give the asset owners some say regarding sale terms when the sale finally comes around.

I think a few more letters have been exchanged recently, which leads me to believe that a few original large Beppa holders are still on board and will be voting yes.

With this kind of independence of cash flow and stability, refinancing should be easier to obtain which will suit the banks as it will likely be 200 points higher than present. BAM are set to milk this for up to 3 years as well so I doubt this sale will be rushed through in the near future.

This is very similar to the separation of the AETD assets including retaining Beppas within that I suggested earlier on only better overall.

This makes four major points I have put forward as finally being largely the way it has eventuated.
The first was that BBIG PIG would mostly remain intact and the offerer would be the majority % owner instead of BBI having only the eyes picked out and left to wallow blindly.
The second was the flexible part DBCT sale/ownership terms in the form of trust units and based on future returns and the third was that this recap would be pushed to the brink of VA to get through and the fourth is the separation of AET&D assets whilst still retaining Beppas interest in full within.

Never a dull moment with this mob.

ifandwhen

holding beppas