Ann dated 24/12/08.."...Antin IP and BBEIF will subscribe €121.5...

Ann dated 24/12/08..

"...Antin IP and BBEIF will subscribe €121.5 million for the 29.7% interest in
Euroports, implying an equity value of €409.1 million and an EV of €718 million to
BBI's interest in Euroports prior to this transaction (implying an EV of €1.015
billion for the 100% consolidated interest in Euroports, or 12.0x FY08 EBITDA
and 10.9x FY09 EBITDA). In addition, an earn-out of €4.1 million is payable to
BBI contingent upon the business meeting certain performance milestones..
Under the terms of the transaction, after funding of BBI's share of growth capex
and the acquisition of remaining minority positions within the Euroports portfolio,
BBI will receive €35 million upon close, which it will use for repayment of a shortterm
facility."