News

18 Jun 2008

Illes Balears Terminal - Port of Tarragona

Port of Tarragona awards Illes Balears development to TPS.

Balears Press Release (pdf, 62 KB)

16 May 2008

GIMV Sells Stake in Westerlund to BBI

Babcock & Brown Infrastructure's (BBI) 75% owned subsidiary Benelux Port Holdings S.a.r.l (BPH) has become sole owner of the Westerlund Group after acquiring all outstanding shares from the remaining shareholders, GIMV and Mr. JJ Westerlund.

Westerlund Group operates marine terminals in the Ports of Antwerp (Belgium), Rouen (France) and Changshu (China).

GIMV Press Release

07 Dec 2007

Acquisition of German Port Operator

BBI announced it has acquired 50% of Seehafen Rostock Umschlagsgesellchaft GmbH - the dominant port operator in the Port of Rostock, Germany, with the Vendor retaining the remaining 50% shareholding. BBI has pre-emptive rights over the remaining 50% shareholding in the company.

An update on the Westerlund Group acquisition can also be found in the attached news release.

ASX Release

15 Nov 2007

Acquisition of Belgian Port Operator

Babcock & Brown Infrastructure (BBI) confirms that its majority owned subsidiary Benelux Port Holdings S.a.r.l (BPH) has entered into a conditional SPA to acquire 43% of Westerlund Group and has reached an agreement with current shareholder to enter into exclusive and final negotiations concerning the conditional sale of the final 57% in the company to BPH.

ASX Release (pdf, 90k)