BBI babcock & brown infrastructure group
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The sale of PowerCo was only for the NZ assets. I agree the...

  1. jonkey1995
    3,887 Posts.
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    24/02/09
    09:37
    Post #: 4830581
    The sale of PowerCo was only for the NZ assets. I agree the problem is probably regulatory (as have seen no details of government approval) or lenders. Lenders may have problems with the splitting out of the Tasmanian assets of PowerCo.

    Anyway just speculation, will have to wait and see. However, if the sale does not proceed there will be a loan repayment blackhole and no money to complete the remaining WestNet Rail purchase.

    Goodluck to all holders.

    Cheers
    BBI Price at posting: 6.8¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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