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BBGI to invest in PPP projects in Canada

30 June 2017 08:23

BBGI SICAV has signed a strategic agreement with a subsidiary of SNC-Lavalin Group Inc to invest in an investment vehicle which will hold substantial equity interests in five PPP projects in Canada.

All assets are operational and classified as availability-based under the investment policy of the Company.

It said that as part of the transaction and through the partnership, BBGI would benefit from a vend-in (pipeline) agreement that provided the partnership a right of first offer with respect to the potential future acquisition, of select interests in SNC-Lavalin's robust pipeline of Canadian availability-based PPP projects currently under construction.

It said these were expected to create additional investment opportunities once the assets became operational.

At 8:23am: (LON:BBGI) BBGI Sicav S.A. share price was +0.13p at 144.88p

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