Acquisition

RNS Number : 3342H

Bilfinger Berger Gbl Infrstre SICAV

11 July 2012

 



For immediate release

11th July 2012

BBGI announces the acquisition of additional stake in Borders Schools, Scotland for £2.8 million

Bilfinger Berger Global Infrastructure SICAV S.A. (ticker "BBGI") is pleased to announce that it has signed an agreement to acquire a further 25% equity interest in Scottish Borders Schools PFI project from Graham Investment Projects Limited taking its stake to 100%. The consideration is approximately £2.8 million cash.

The acquisition is conditional on, inter alia, third party consents and is expected to be completed by August 2012.

Frank Schramm, Co-CEO said "The consideration paid for the project is in line with the current valuation of similar UK PFI projects in the Group's portfolio. All the projects in BBGI's portfolio are supported by contracted, government-backed revenue streams, with inflation protection characteristics."

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

For further information please contact:

BBGI Management Team       [phone]

Frank Schramm

Duncan Ball     

Maitland                                    [phone]

Liz Morley

Scottish Borders Schools, UK

Set in the Scottish Borders, the designs of Eyemouth, Berwickshire and Earlston high schools are truly striking and each has a real sense of place in keeping with their locations.

These schools are one of the most environmentally advanced in Scotland. Modern biomass boilers powered by woodchip supplied from local sources have been incorporated, as well as modern ventilation systems that reduce energy use and noise pollution.

The school buildings are modern with superb facilities such as technology, science, arts & crafts and sports, as well as open-planned areas for dining and socialising. Furthermore, the schools boast modern, well-equipped kitchens and serving areas to allow for the preparation of high quality food.

 

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