Acquisition of further interest

RNS Number : 9316K

BBGI SICAV S.A.

16 April 2018

 

16 April 2018

BBGI SICAV S.A.

(the "Company")

Acquisition of further interest in East Down Colleges, County Down, Northern Ireland

BBGI SICAV S.A. (LSE ticker: BBGI), the international PPP infrastructure investment company, is pleased to announce that it has completed the acquisition of a further 33.33% equity interest in the East Down Colleges PPP project in Northern Ireland and now owns 100% of the equity interest in the project.

East Down Colleges is an educational PPP project located in County Down, Northern Ireland. It comprises Ballynahinch, Downpatrick and Newcastle Colleges, all designed as energy efficient and environmentally friendly facilities.

The project was procured by the Governing Body of the South Eastern Regional College, and the acquisition price of c.£2.1 million was funded from the Company's existing cash resources.

For further information, please contact:

BBGI Management Team        [phone]

Duncan Ball

Frank Schramm

BBGI owns a global portfolio of 43 infrastructure assets. These are PPP assets and are supported by contracted, public sector-backed revenue streams, with inflation-protection characteristics.

Further information about BBGI is available on its website at www.bb-gi.com *.

Any reference to the Company or BBGI refers also to its subsidiaries (where applicable).

* Neither the Company's website nor the content of any website accessible from hyperlinks on its website (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

 

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