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