Australia-based investment fund manager Babock & Brown Infrastructure (BBI) has extended its European ports portfolio by taking a majority share in private operators in Italy and Belgium.
It has indirectly acquired 50.3% of the shares of Terminal Rinfuse Italia SpA (TRI), the dry bulk handling specialist with installations in Venice, Genoa and Savona, for a reported price of Aus$92M. This narrow controlling interest arises through BBI’s purchase of 80% of Estate SpA (Italiana Coke group), which controls 62.9% of TRI. No change in company management is expected....
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This complete item is approximately 550 words in length, and appeared in the August 2007 issue of WorldCargo News, on page 7.
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