LONDON (Dow Jones)--Private equity firm Terra Firma will this week bid for Babcock & Brown Infrastructure's (BBI.AU) PD Ports unit, The Sunday Times says without citing sources.
Terra Firma will join HgCapital, CVC Capital, Carlyle and Star Capital in bidding for the group, the newspaper says. If bids fail to surpass the firm's GBP315 million debt, Babcock could postpone the auction, it added.
Terra Firma wasn't immediately unavailable for comment.
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