BBI babcock & brown infrastructure group

divorce from bnb, page-9

  1. 14,880 Posts.
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    What is likely is BNB (aka the banks) will agree to cut all ties (at a token price) which would allow BBI to change their name. BNB are in the hands of the banks. The banks know BBI has a bright future once credit markets start functioning. BNB own 8% of BBI. The banks want to see BBI prosper and increase their market cap. That helps them extract decent money for the eventual sale of BNB's 8% holding in BBI. A BBI security price of $1 is worth $200M to BNB.
 
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