not great but could been a whole lot worse, page-8

Simply put, BBI had to get its lenders to release 58% of Powerco from their security package.

In Nov, BBI stated they will sell 50% for $400m, now it is 58% for $423m,

To get them to agree, BBI had to renegotiate its debt facilities.

IMO, the half yearly tomorrow will tell you more regarding the devil in the detail.

"Further updates on the status of the Euroports sale and progress of other assets will be provided at BBI's interim results on February 27."