BBGI Global Infrastructure S.A. has resumed its recommended cash acquisition process by Bidco, a vehicle indirectly controlled by British Columbia Investment Management Corporation (BCI), following the receipt of all necessary regulatory approvals, including clearance under the UK's National Security and Investment Act.

Valid acceptances have been received for only 3.41 million BBGI shares, representing approximately 0.47% of the issued share capital, which is significantly below the required threshold. BBGI's board members have provided irrevocable undertakings covering 0.4% of the shares, but these have not yet been reflected in the total acceptance figure. The company urges shareholders to accept the offer promptly to avoid potential risks associated with holding illiquid shares post-delisting.

BBGI plans to apply for the delisting of its shares from the London Stock Exchange, with cancellation expected no earlier than 20 business days after 20 May 2025. Post-delisting, BBGI and Bidco may proceed with an asset sale, which could impact the value received by shareholders who have not accepted the offer. Accepting shareholders will receive cash settlement within 14 days of the offer becoming unconditional, while those accepting afterward will be settled within 14 days of their acceptance.