Pipeline Update

RNS Number : 6095F

Bilfinger Berger Gbl Infrstre SICAV

28 May 2013

 



Press release 28 May 2013

Pipeline update

Bilfinger SE ("Bilfinger") announced today that it intends to divest its concession business unit which currently comprises 16 PPP/PFI projects in Australia, North America and Europe with committed equity of €254m. Under the terms of the Pipeline Agreement entered into between Bilfinger Berger Global Infrastructure SICAV S.A. ("BBGI" or the "Company") and Bilfinger at the time of the BBGI IPO, BBGI has a right of first offer and a right of last look for all PPP/ PFI projects developed by Bilfinger.

BBGI will seek to enter into discussions with Bilfinger about the opportunities that this divestment may present to BBGI to make acquisitions. 

Frank Schramm, Co-CEO of BBGI remarked "An acquisition of PPP/PFI projects within the concession business unit would be consistent with our investment policy and would essentially be an acceleration of the acquisition of the assets contemplated under the Pipeline Agreement. This anticipated transaction is seen as a very positive step for BBGI."

Duncan Ball, Co-CEO stated "As BBGI is an internally managed company, an increase in the asset base would likely result in both a decrease of the ongoing charge ratio and greater project diversification".

Ends

Enquiries

For further information please contact:

BBGI Management Team       [phone]

Frank Schramm  [phone]

[e-mail]

Duncan Ball     [phone]  

[e-mail] 

Maitland                                    [phone]

Liz Morley

 

END

 

 

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