BBI babcock & brown infrastructure group

BBI's original posting of the deal said closure was expected...

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    BBI's original posting of the deal said closure was expected during first quarter 2009.

    The notice said: "The sale is conditional upon gaining requisite consents, including the Overseas Investment Office consent, lender consents and other consents relating to the transfer of Powerco Tasmania."

    So which of these issues are we dealing with - don't you hate that vague, weasel word 'issue'?

    Or perhaps the problem is that QIC can't come up with the cash at the last minute. That happened with another company I owned - ADY.
 
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