babcock on a tightrope, with net, page-2

Hi Stocks168,

On 23.02.09 someone in this forum posted an Email reply he received from BBP about the same query, here is the qus and ans


How does the recent news with Babcock and Brown effected Babcock and Brown Power?



If Babcock & Brown Ltd (BBL) were to be placed in receivership or administration, it should have no impact on BBP. The BBP Manager, Babcock & Brown Power Management Pty Ltd (BBPML), is a separate legal entity to BBL and should not be impacted by the insolvency of BBL. If the BBP Manager was declared insolvent (at this point in time we have no reason to believe that it will be) and was not replaced by a suitable B&B entity, then BBP can terminate the Management Agreement with the BBP Manager.