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Article: BBI stakes its future on fire sale.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 8, 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
Nov 08, 2009 (The Australian Financial Review - ABIX via COMTEX) -- Up to 90% of the 6,000 Babcock & Brown Infrastructure (BBI) investors polled in the weeks to early November 2009 support a recapitalisation plan. Under the $A1.8 million proposal, as much as 40% of the firm will be sold to Brookfield Asset Management. The plan could help the debt-ridden BBI avoid collapse, but must be approved by shareholders on 16 November.
Publication Date: 9 November 2009
BABCOCK AND BROWN INFRASTRUCTURE GROUP - ASX BBI
BROOKFIELD ASSET MANAGEMENT INCORPORATED
ALINTA LIMITED
BABCOCK AND BROWN LIMITED
CREDIT SUISSE
MACQUARIE GROUP ...