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BABCOCK & BROWN INFRASTRUCTURE TO RAISE EQUITY CAPITAL.
SYDNEY, Feb 1 Asia Pulse - Babcock & Brown Infrastructure (BBI) plans to undertake a $A700 million ($US530.04 million) capital raising to raise funds for the purchase of PD Ports Plc and other investment opportunities.
BBI made an $A805 million ($US609.55 million) friendly bid for the UK's second biggest port operator, PD Ports, in December.
BBI today said it intended to undertake an equity capital raising of approximately $A700 million ($US530.04 million), via a placement, conditional placement and a non-renounceable entitlement issue.
"These initiatives are intended to raise capital to fund the acquisition of PD Ports plc and other near-term investment opportunities," BBI said.
BBI said that acceptances for its takeover meant that it had effectively secured control of more than 93 per cent of the capital of PD Ports, and will proceed with compulsory ...
- Brookfield Asset Management and Brookfield Infrastructure Partners to Lead the...
- News wire article from: Marketwire Canada October 8, 2009 700+ words
...purchase(2) from BBI of a 49.9% economic...Australia, and 100% of PD Ports, a leading ports...DBCT and 100% of BBI's interests in PD Ports, for A$295 million...160 million) of PD Ports debt on closing...restructuring of BBI's debt facilities...
- Australia : Top UK Buyout Firm Seen Bidding for PD Ports.
- News wire article from: TendersInfo July 7, 2009 700+ words
...London Sunday Times. PD Ports, which operates...several months, after BBI said it would accept...the right price. BBI was reported in May...asking price for PD Ports to $480 million...shipping market.BBI acquired PD Ports for $905 million...
- PD Ports agrees offer.
- Magazine article from: Investors Chronicle December 16, 2005 700+ words
PD Ports has recommended a 148...Brown Infrastructure (BBI), which trumped an...the interim dividend, BBI's offer is worth 150p...per cent premium over PD Ports' 100p float price in...considering its options, but BBI's bid looks likely...
- PD Ports plans repurchase of THPA Finance.
- Newspaper article from: Asset Securitization Report McGeer, Bonnie August 23, 2004 700+ words
The newly floated company PD Ports plc plans to repurchase two classes...2011 and Class C notes due 2031. PD Ports announced last week its plan to repurchase...Bank, said the "surprise" move by PD Ports had more to do with appeasing the...
- United Kingdom : UK PD Ports welcomes approval decision for MGT Power station...
- News wire article from: TendersInfo July 16, 2009 700+ words
Byline: prashant03 PD Ports, the owner of Teesport, welcomes the...the port. This is great news, stated PD Ports Group Chief Executive David Robinson...local MPs Vera Baird and Ashok Kumar, PD Ports and Redcar & Cleveland Council...
- PD Ports battle 'run its course' as 3i team sinks.
- Newspaper article from: The Evening Standard (London, England) December 19, 2005 700+ words
THE takeover battle for Teesside docks operator PD Ports appeared to be over today after a bid vehicle backed by...the Babcock & Brown infrastructure group. Shares in PD Ports slipped 31/2p to 1481/2p.Babcock's 1481/2p-a...
- PD Ports pledges an update amid growing bid interest.
- Newspaper article from: The Evening Standard (London, England) November 14, 2005 700+ words
TEESSIDE operator PD Ports expects to update investors on its bid approach in a matter of weeks...an arm of Australia's Westpac, has been mentioned by analysts. PD Ports had first-half pre-tax profits of [pounds sterling]6.4 million...
- Aussies pick up PD Ports for [pounds sterling]320m.
- Newspaper article from: The Evening Standard (London, England) November 30, 2005 700+ words
TEESSIDE operator PD Ports has agreed a [pounds sterling]320 million takeover by a consortium of primarily Australian private equity firms. The group...
Source: HighBeam Research, BABCOCK & BROWN INFRASTRUCTURE TO RAISE EQUITY CAPITAL.