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Article: Delay in rescue plan could spook BBI investors.
- Article from:
- Australasian Business Intelligence
- Article date:
- October 6, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jeffrey Hutton
Oct 06, 2009 (The Australian Financial Review - ABIX via COMTEX) -- Investor support may wane as the details of Babcock & Brown Infrastructure's $A850 million rescue package were again delayed on 6 October 2009. The fund has $A1.2 billion in unsecured debt, so needs to take action soon. It is thought that the recapitalisation proposal involves the sale of a stake to Brookfield Asset Management and the divestment of some assets.
Publication Date: 7 October 2009
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