thought this looked promising from the AGM release
________________________________________________________ The implementation phase of the review involves assessing the appetite of various parties to proceed with potential transactions. The three broad categories of options facing BBP are: • The purchase by a third party of 100% of the securities in BBP; or • Further asset sales in strategic packages. This could involve a split of assets between generation and retail or a geographical split of assets or some combination of the two; or • A number of other structured transactions such as an injection of private equity that could address BBP’s gearing and corporate structure. A few weeks ago, the Board instructed UBS to canvas the market on the full range of transaction alternatives and to call for Expressions of Interest from the market in relation to these options. This was undertaken in recognition that a broad strategic transaction is necessary to deliver improved securityholder value and that this may involve dealing with BBP in whole or in part. The Independent Directors are confident, following discussions with Babcock & Brown that B&B will support the transaction where it is in the best interests of BBP securityholders and respects the rights of B&B. Early indications are encouraging, with a significant number of parties interested. We are also pleased that our banking partners are very supportive of the strategic transaction process.
BBP Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held
