UK-managed Babcock & Brown European Infrastructure Fund (BBEIF) has acquired further shares in Forth Ports, bringing its current shareholding to 20.4%. The investment is BBEIF’s second in Forth.
UK-managed Babcock & Brown European Infrastructure Fund (BBEIF) has acquired further shares in Forth Ports, bringing its current shareholding to 20.4%. The investment is BBEIF’s second in Forth.
According to the statement from Babcock & Brown, a company controlled by BBEIF bought a 19.6 % stake in Forth and this, along with an existing shareholding of 0.8 %, gives the company 20.4 % of the issued share capital.
Forth Ports owns and operates a number of commercial ports in Scotland and Tayside, including Grangemouth, Scotland's largest container port, and the Port of Tilbury, London’s major distribution hub for southeast England. The group also has significant property interests, including 400 acres of development land, which form a major part of Edinburgh’s waterfront.
BBEIF reached final close with total equity capital commitments of EUR 2.17 bn in December 2007.
