Update on Acquisition

RNS Number : 6913D

BBGI Global Infrastructure S.A.

21 October 2022

 

21 October 2022

BBGI Global Infrastructure S.A.

(the "Company")

Update on target purchase of minority interest in Center Hospitalier de l'Université de Montréal ("CHUM"), in Montreal, Québec, in Canada

Following its announcement on 20 October 2021, regarding the Company's conditional agreement to acquire a 25% interest in CHUM, BBGI Global Infrastructure S.A. (LSE ticker: BBGI), the global infrastructure investment company, announces that the sale and purchase agreement will not be completed as certain conditions related to the transaction have not been fulfilled. The Company and the seller, O brascón Huarte Lain, S.A. (OHL), have formally ended the purchase process .

Commenting, Co-CEOs Duncan Ball and Frank Schramm said:

" We continue to source attractive investment opportunities from BBGI's pipeline of availability-style investments, maximising the benefits of our strategic investment partnerships and experience. Our strategy is to remain disciplined and selective in our approach to acquisition opportunities ."

For further information, please contact:

BBGI Management Team	[phone]
Duncan Ball
Frank Schramm
H/Advisors Maitland (Communications adviser)	[phone]
James Benjamin	[e-mail]
Alistair de Kare-Silver

NOTES

BBGI Global Infrastructure S.A. (BBGI) is a responsible infrastructure investment company and a constituent of the FTSE 250 that invests in and actively manages for the long-term a globally diversified, low-risk portfolio of essential social infrastructure investments.

BBGI is committed to delivering stable and predictable cash flows with progressive long-term dividend growth and attractive, sustainable, returns for shareholders. BBGI has a proactive approach to preserving and enhancing the value of its investments, and to delivering well maintained social infrastructure for communities and end users, whilst serving society by supporting local communities.

All of BBGI's investments are availability-based and supported by secure public sector-backed contracted revenues, with high quality inflation linked characteristics, that is paid so long as the assets are available for use.

BBGI's investment portfolio is over 99% operational with all its investments located across highly rated investment grade countries with stable, well developed operating environments.

BBGI's in-house management team is incentivised by shareholder returns and consistently maintains low comparative ongoing charges to shareholders.

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

The Company's LEI: 529900CV0RWCOP5YHK95

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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