BBGI Global Infrast. - Acquisition
BBGI Global Infrastructure S.A.
("BBGI" or the "Company")
Acquisition of interest in Signature on the Saint-Lawrence Group
BBGI Global Infrastructure S.A. (LSE ticker: BBGI), the global infrastructure investment company, is pleased to announce it has entered into an agreement to acquire a 25% equity interest in Signature on the Saint-Lawrence Group, the operator of the Samuel De Champlain Bridge Corridor in
The project originally consisted of the design, construction, financing, operation, maintenance and rehabilitation of a new bridge spanning the
The award-winning bridge serves not only as a link between
"We are delighted to make this investment into Signature on the Saint-Lawrence, the operator of a high-profile infrastructure asset which is an essential component of
"Our 50th infrastructure asset investment is such a signature project. Not only is the bridge built to the highest technical and functional standards, but it is already recognised for its aesthetic achievement. The bridge has been built to provide a 125-year design life and received the Envision Platinum award from the Institute of Sustainable Infrastructure. It is only the second bridge in
The completion of the acquisition is subject to Government of Canada consent and the satisfaction of certain conditions precedent.
FOR FURTHER INFORMATION, PLEASE CONTACT:
BBGI Management Team
+352 263 479-1
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+44(0) 20 7379 5151
BBGI Global Infrastructure (BBGI) is a responsible infrastructure investment company and a constituent of the FTSE 250 that invests in and actively manages for the long-term a globally diversified, low-risk portfolio of essential social infrastructure investments.
BBGI is committed to delivering stable and predictable cash flows with progressive long-term dividend growth and attractive, sustainable, returns for shareholders. BBGI has a proactive approach to preserving and enhancing the value of its investments, and to delivering well maintained social infrastructure for communities and end users, whilst serving society by supporting local communities.
All of BBGI's investments are availability-based and supported by secure public sector-backed contracted revenues, with inflation-protection characteristics, that is paid so long as the assets are available for use.
BBGI's investment portfolio is over 99% operational with all its investments located across highly rated investment grade countries with stable, well developed operating environments.
BBGI's in-house management team is incentivised by shareholder returns and consistently maintains low comparative ongoing charges to shareholders.
Further information about BBGI is available on its website at www.bb-gi.com*.
The Company's LEI: 529900CV0RWCOP5YHK95
Any reference to the Company or BBGI refers also to its subsidiaries (where applicable).
* Neither the Company's website nor the content of any website accessible from hyperlinks on its website (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.
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