Listed fund Babcock & Brown (B&B) Infrastructure's (BBI.AX) asset sale and debt repayment plans are facing further difficulties following a delay in the sale of a 50 percent stake in New Zealand's Powerco. Queensland Investment Corp, which agreed to buy Powerco in November, has forced B&B Infrastructure to restart negotiations, although both sides expect the sale to proceed in coming days. The sale of Powerco had been expected to provide B&B Infrastructure with around NZ$400 million
BBI Price at posting:
6.8¢ Sentiment: None Disclosure: Held
