Latest news from Heavy Lift & Project Forwarding International Magazine

Babcock & Brown Infrastructure seeks to reassure users

March -16- Babcock & Brown Infrastructure (BBI), the ports and terminals owner, which has around 20 bulk, breakbulk and project cargo terminals in various ports across Europe, has sought to reassure its users that it is operating normally despite the appo

The company, which recently appointed Royal Bank of Scotland to sell all or part of the UK's third-largest ports operator, PD Ports, indicated that the process would not have any direct effect on its asset sales process, businesses or its operations.

A company spokesman has indicated that BBI's businesses continue to operate as usual, and its essential services infrastructure assets are performing well.

It is understood that BBI does not have any loan or other financing arrangements with B&B or other companies in the group, and that BBI has separate ownership, boards, management and legal structures.

B&B called in administrators after New Zealand shareholders voted down a AUSD3.2Bn (USD2.07Bn) debt restructuring plan.

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