BBGI completes acquisition of four PPP projects

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
BBGI completes acquisition of four PPP projects

Bilfinger Berger Global Infrastructure SICAV S.A. (BBGI), the listed global infrastructure investment company, has announced that it has completed the acquisition of 50% equity and loan note interest in four operational PPP Projects in Germany from Hochtief PPP Solutions GmbH which currently holds 100% of the interest.

All of the projects are availability-based with no volume risk. The total consideration paid by BBGI was €13.2 million (US$21.9 million). The acquisition was funded from the company's existing cash resources. The agreement to acquire the four PPP projects was signed on August 28th between BBGI and  Hochtief.

The 4 operational PPP projects in Germany are the following:

  • Frankfurt Schools project is a 22 year concession to design, build/refurbish and maintain four schools in the City of Frankfurt am Main with the concession expiring in July 2029.
  • Cologne Schools project is a 25 year concession to design, build and maintain seven schools at five locations in the City of Cologne with the concession expiring in December 2029.
  • Cologne-Rodenkirchen Comprehensive School consists of a comprehensive school serving 1,200 students. The project is a 25 year concession which expires in November 2034.
  • Fürst Wrede Military Base Munich consists of various accommodation, office and training buildings, vehicle depots and gymnasiums in the Munich region. The project is a 20 year concession which expires in March 2028.

Recently, on 31 March 2014, BBGI completed the acquisition of 37.5% of the equity and subordinated debt interests in Mersey Gateway Bridge (MGB), which is the special purpose vehicle with the delegated authority to deliver the Mersey Gateway Bridge project.

Bilfinger Berger Global Infrastructure SICAV S.A. is a closed-ended investment company. It has a portfolio of 28 infrastructure assets consisting of direct or indirect interests in investment capital in projects belonging to transport sector, justice sector, education sector, and healthcare sector.

List of country news

Country news

  • April 09, 2014

    DIF Infrastructure III reached closing on a rolling stock project in Germany

    DIF Infrastructure III announced two days ago that it has closed the financing for a rolling stock project in Germany with the State of Schleswig - Holstein. Read more
  • April 10, 2014

    Tender launched for Nuremberg school PPP project

    The city of Nuremberg, located in the German state of Bavaria, has launched a PPP tender process through the issue of a request for qualifications (RFQ) to rebuild the Joahnn-Pachelbel-Realschule/Staatliche Fachoberschule II school. Read more
  • April 28, 2014

    KfW IPEX-Bank appoints new CEO

    KfW IPEX-Bank GmbH have made some key personnel decisions regarding senior executive positions. Read more
  • May 12, 2014

    AMP Capital increases stake in Alpha Trains

    AMP Capital has increased its stake in Alpha Trains, continental Europe's largest and most diversified independent train leasing company. The acquisition increases AMP Capital's controlled shareholding from 15 percent to 20.9 percent of Alpha Trains. Read more
  • May 12, 2014

    Deka infrastructure debt fund acquires wind financing

    German infrastructure debt fund Deka Infrastrukturkredit has acquired senior infrastructure loans part of a financing package of a wind farm portfolio acquisition in Germany with a volume of €20 million from DekaBank. The loans are part of a funding package of around €125 million euros given by DekaBank. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.