BBGI Sicav purchases remaining 50% stake in PPP Project
BBGI Sicav has bought the remaining 50% stake which it did not yet own in the Kelowna and Vernon Hospitals public-private partnership project.
BBGI Global Infrastructure S.A. NPV (DI)
121.20p
16:40 09/01/25
0.00%
0.00p
Equity Investment Instruments
12,206.66
16:44 09/01/25
0.39%
47.94
FTSE 250
20,005.14
16:50 09/01/25
n/a
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FTSE 350
4,563.23
16:44 09/01/25
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FTSE All-Share
4,517.93
17:05 09/01/25
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The exact sum of the transaction was not revealed but was said to be less than £15m, an amount which the infrastructure investor financed from its existing cash and debt.
The KVH assets purchased comprised the clinical academic campus and carpark at the University of British Columbia and a patient care tower at Vernon Jubilee hospital. The concession was set to run until 2042.