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B&B sells %30 stake

B&B sells %30 stake
Australian investment group, Babcock & Brown (B&B) sold a 30% stake in its European ports business.

Australian investment group, Babcock & Brown (B&B) sold a 30% stake in its European ports business.

The Sydney-based managed affiliate of Australian investment group, Babcock & Brown (B&B) last week sold a 30% stake in its European ports business. Two investors, Antin Infrastructure Partners and Babcock & Brown European Infrastructure Fund will pay US$170m for a share of one of Europe"s biggest port companies, BBI Euroports.

Analysts have questioned the viability of B&B"s strategy to establish a global bulk and breakbulk ports group. The group"s current port holdings include Australia"s Dalrymple Bay and a minority holding in Edinburgh-based Forth Ports.

www.TurkishMaritime.com.tr

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