Babcock&Brown Public Ptnrships Ltd
21 December 2007
Babcock & Brown Public Partnerships Limited
Press Release
21 December 2007
Babcock & Brown Public Partnerships Limited completes acquisition of three
infrastructure investments
Babcock & Brown Public Partnerships Limited (the 'Company') is pleased to
announce that, in accordance with the Acquisition Agreements dated 26 November
2007 entered into by subsidiaries of the Company, completion of the acquisitions
of the three infrastructure investments detailed below from subsidiaries of
Babcock & Brown occurred yesterday, 20 December 2007.
The infrastructure investments are as follows:
1. 95% of the equity and 100% of the subordinated debt
interests in the Amiens Hospital project, a French PPP project to design, build,
finance and maintain a medical equipment sterilisation facility for the benefit
of hospitals in the north of France led by the Centre Hospitalier Universitaire
d'Amiens;
2. 25% of the equity and subordinated debt interests in the New
South Wales Schools project, an Australian PPP project to design, construct,
finance, operate and maintain ten new schools for the New South Wales Department
of Education and Training; and
3. 100% of the equity and (when issued) subordinated debt
interests in the Dublin Criminal Courts project, an Irish PPP project to design,
build, operate and maintain the new central criminal courts complex in Dublin.
These acquisitions take the number of investments in the Company's portfolio to
28 and increase the Company's geographical diversity.
For further information, please contact:
Babcock & Brown: +44 (0)20 7203 7300
Investors Bianca Francis
Media Anthony Kennaway
Heritage International Fund
Managers Limited, Secretary: +44 (0)1481 716000
Laurence McNairn
Notes to Editors
About Babcock & Brown Public Partnerships Limited:
Babcock & Brown Public Partnerships Limited is a Guernsey incorporated, London
Stock Exchange listed company. The Company offers shareholders an exposure to
investment in infrastructure assets, particularly those with a public or social
character such as those developed under public bodies under private finance
initiative or public private partnership procurements.
The Company floated on the main market of the London Stock Exchange on 9
November 2006 and on 16 November 2007 had a market capitalisation of £321.8
million.
This information is provided by RNS
The company news service from the London Stock Exchange
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