BBP babcock & brown power

Why would Alinta be a choice bite? With an unfavourable ruling...

  1. 72 Posts.
    Why would Alinta be a choice bite?

    With an unfavourable ruling the business is unprofitable. As you probably know well there are very profitable assets right now that are difficulty selling at reasonable prices, let alone something that's unprofitable. They will not be able to sell Alinta, or maybe sell at fire sale prices. The media is not exaggerating the drama. Right now the only positives I can think of is:

    Who are the NW going to deal with if Alinta is gone? Will the banks able to stomach the losses if they decide to bankrupt BBP instead of giving it life support?

    The trouble personally for me is that I am not mentally prepared to accept total loss...
 
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