Acquisition

RNS Number : 7426T

Bilfinger Berger Gbl Infrstre SICAV

18 December 2012

 



18 December 2012

Bilfinger Berger Global Infrastructure SICAV S.A.

("BBGI/the Company")

BBGI announces the completion of the acquisition of an interest in M80 Motorway

Bilfinger Berger Global Infrastructure SICAV S.A. (ticker "BBGI") is pleased to announce that it has completed the acquisition of an equity interest and loan notes in the M80 Motorway in Scotland for approximately £28.6 million. The section of road between Stepps and Haggs is an all-purpose dual carriageway. The project involved the construction of 18km (11.5 miles) of dual two/three lane motorway with associated slip roads and infrastructure from Stepps in North Lanarkshire to Haggs in Falkirk. The road has resulted in a significant reduction in congestion for road users and has improved journey times and reliability. The road is not tolled - the operational road is supported by contracted, public sector-backed revenue streams, with inflation-protection characteristics.

BBGI own a portfolio of 20 infrastructure assets. These projects are operational 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. 

For further information please contact:

BBGI Management Team       [phone]

Duncan Ball      

Frank Schramm

Maitland                                    [phone]

Liz Morley

 

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