If you disregard all other than PEP11 assets of BPH and BUY:
BPH own 22% of Advent energy, Advent energy own 85% of PEP11
BPH therefor have an 18.7% exposure to Pep11
BUY own 15% of PEP 11BPH - 564 millions shares 18.7% of PEP; 1% PEP= 30.16 mil
BUY - 1096 millions shares 15% of PEP; 1% PEP= 73.06 mil
The right ratio expected to be 1:2.42
