BNB babcock & brown limited

sale of bbw assets in europe

  1. 656 Posts.
    BBW ahs announced that the Spanish Govt has given the OK to proceed

    Sale $1.42B profit $266m This is positive?

    Does anyone know what BNB will derive from the sale??


    Sydney - Wednesday - Oct 29: (RWE Australian Business News) -
    Babcock & Brown Wind Partners (ASX:BBW) reports the Spanish regulatory
    consents required as part of the sale of its Spanish wind energy
    portfolio have now been obtained and it will proceed to financial close
    in accordance with the terms of the sale.
    As announced on August 21, BBW agreed to sell its portfolio of
    operating Spanish wind energy assets with an installed capacity of
    420.7MW to Formento de Construcciones y Contratas SA for a final EV sale
    price of about $1.42bn, resulting in an estimated profit before
    transaction costs for BBW of $266m.
 
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