Acquisition

RNS Number : 0295E

Bilfinger Berger Gbl Infrstre SICAV

04 April 2014

 



4 April 2014

Bilfinger Berger Global Infrastructure SICAV S.A.

("BBGI" or the "Company")

BBGI announces the completion of the acquisition of Four Projects in Germany from Hochtief

Further to the announcement on 28 August 2013, Bilfinger Berger Global Infrastructure SICAV S.A. ('BBGI' or the 'Company') is pleased to announce that it has completed the acquisition of a 50% equity and loan note interest in four operational PPP Projects in Germany from Hochtief PPP Solutions GmbH.

All of the projects are availability-based with no volume risk. The total consideration paid by BBGI was EUR13.2 million. The acquisition was made on accretive terms, did not involve a broad auction process and was funded from the Company's existing cash resources.

These projects are all operational and are supported by contracted, public sector-backed revenue streams, with inflation-protection characteristics. 

For further information please contact:

BBGI Management Team       [phone]

Duncan Ball      

Frank Schramm

Maitland                                    [phone]

Liz Morley

BBGI owns a portfolio of 32 infrastructure assets. These projects are PPP / PFI 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).

 

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