LONDON (Thomson Financial) - Babcock & Brown Public Partnerships Ltd. said
it has acquired 50 percent of the private sector economic interests in the East
London NHS LIFT (ELL) for 9.4 million pounds.
The company said the acquisition will be funded through cash raised as part
of its recent 'C' share issue and means that the 'C' share proceeds are now 60
percent invested.
Babcock & Brown said the transaction will offer it immediate yield from the
seven existing ELL primary health infrastructure projects and the right to
benefit from future such projects that may be developed in east London.
The company also said it has reached an agreement with Northamptonshire
County Council (NCC) for the inclusion of a new special education needs school
into the existing 41 school PFI scheme.
The variation comprises the demolition of an existing school and the
construction of a new 4,025-square metre mixed community special school for 85
students from 11 to 19 years of age with profound multiple learning
difficulties.
TFN.newsdesk@thomson.com
kal/cmr
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|