BNB babcock & brown limited

Happy to hold at avg 40c. There is no specific time frame on the...

  1. 1,879 Posts.
    Happy to hold at avg 40c.

    There is no specific time frame on the reduction of gearing levels - overall it's manageable.

    NJ


    “Babcock & Brown remains committed to reducing its corporate level gearing through an orderly asset sale process, " Mr Larkin said.
    "There remains no specific time frame on the reduction of gearing levels and we will continue to seek to maximise returns from the asset sale process.”
    http://www.businessspectator.com.au/bs.nsf/Article/Babcock--Brown-completes-Enersis-sale-LFQLU?OpenDocument
 
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