12th Dec 2018 11:51
LONDON (Alliance News) - BBGI SICAV SA on Wednesday said it has acquired "significant" interests in three private-public partnership projects in the Netherlands.
The projects, in the transportation and social infrastructure sectors, have been acquired as part of a partnership with construction firm Royal VolkerWessels Stevin NV.
On top of the three projects, BBGI also has bought further interests in the local improvement finance trusts.
The three Dutch PPP projects are: the A1/A6 motorway widening, the N18 road expansion between Varsseveld and Enschede, and a new town hall in Westland.
The trust acquisitions are a further 6.7% in both the North London Estates Partnerships LIFT and the Liverpool & Sefton Health Partnership LIFT. BBGI now owns 60% of both.
They comprise, together, 21 primary health care facilities and local community hospitals in north London and Liverpool, "mainly in areas in need of regeneration".
BBGI did not give individual prices, but the total for all five is GBP29.1 million, funded from existing cash and its current credit facility.
Shares were 0.6% lower on Wednesday at a price of 154.50 pence each.
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BBGI Global Infrastructure