Found this article trawling through trying to find out some info...

Found this article trawling through trying to find out some info on finalising the Euroports deal.

Seemed interesting to me especially the point about the Antin Managing Partner being in Aust atm and the fact that they pretty much talk about Euroports as a done deal.

Thoughts and opinions are welcome.

Below is the link to the entire article as well as some extracts.

Cheers Rich


http://www.investordaily.com.au/6629.htm

Antin Infrastructure launches European fund
Firm sourcing new opportunities

Antin managing partner Mark Crosbie is currently in Australia to raise capital for the fund from local institutional investors.

The fund is targeting an investment pool of $1.7 billion and has already received $525 million from its cornerstone investor, BNP Paribas.

The firm is hoping to raise $874 million by the second half of the year.

To date, the fund has invested in European port company Euroports, United Kingdom rail leasing company Porterbrook and Croatian toll road Bina Istra.

The Euroports investment was part of a deal made in March in which Babcock and Brown Infrastructure sold its 30 per cent share to Antin and Luxembourg-based fund BBEIF.

"We will be looking at possibly purchasing infrastructure assets that some Australian investors own in Europe who are now looking to sell," he said.

Macquarie has already sold off its interests in airports in Copenhagen and Brussels.

"It's an opportunity-rich environment at the moment. We are seeing some very good opportunities," Crosbie said.