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IN BRIEF: BBGI Global's CAD88 million acquisition falls through

21st Oct 2022 10:47

BBGI Global Infrastructure SA - Luxembourg-based investment firm - Says its acquisition of a 25% stake in the Center Hospitalier de l'Universite de Montreal has fallen through, as certain conditions have not been completed. CHUM is a hospital located in central Montreal in the province of Quebec, Canada. BBGI had agreed to buy a 25% stake in the Canadian healthcare network for around CAD88 million, about GBP57 million, back in October 2021.

Co-Chief Executives Duncan Ball & Frank Schramm says: "We continue to source attractive investment opportunities from BBGI's pipeline of availability-style investments, maximising the benefits of our strategic investment partnerships and experience. Our strategy is to remain disciplined and selective in our approach to acquisition opportunities."

Current stock price: 153.59 pence

12-month change: down 13%

By Sophie Rose; [email protected]

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