Deals

BBGI announces the completion of the acquisition of Four Projects in Germany from Hochtief

Posted: 4th April 2014 08:45
Further to the announcement on 28 August 2013, Bilfinger Berger Global Infrastructure SICAV S.A. ('BBGI' or the 'Company') is pleased to announce that it has completed the acquisition of a 50% equity and loan note interest in four operational PPP Projects in Germany from Hochtief PPP Solutions GmbH.
 
All of the projects are availability-based with no volume risk. The total consideration paid by BBGI was EUR13.2 million. The acquisition was made on accretive terms, did not involve a broad auction process and was funded from the Company's existing cash resources.
 
These projects are all operational and are supported by contracted, public sector-backed revenue streams, with inflation-protection characteristics. 

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