Construction News

14/08/2012

BBGI Acquires Interest In PFI/PPP Projects

Bilfinger Berger Global Infrastructure (BBGI) have announced that it has now completed the previously announced acquisition of additional equity interests in three PFI/PPP projects from Graham Investment Projects Limited for approximately £5.3 million.

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The interests are a 25% stake in Scottish Borders Schools, a 16.66% stake in East Down Colleges and a 50% stake in Lisburn College. With the acquisition it brings BBGI's interests in the projects to 100% in Scottish Borders Schools, 66.66% in East Down Colleges and 100% in Lisburn Colleges.

The projects are all operational and are supported by contracted, public sector-backed revenue streams, with inflation-protection characteristics.

(CD)

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