RNS Number : 5064F
BBGI Global Infrastructure S.A.
17 November 2020
17 November 2020
BBGI Global Infrastructure S.A.
("BBGI" or the "Company")
Acquisition of interest in Signature on the Saint-Lawrence
BBGI Global Infrastructure S.A. (LSE ticker: BBGI), the global
infrastructure investment company, is pleased to announce it has
entered into an agreement to acquire a 25% equity interest in
Signature on the Saint-Lawrence Group, the operator of the Samuel
De Champlain Bridge Corridor in Montreal, Quebec, Canada. The
Government of Canada is the owner of the bridge.
The project originally consisted of the design, construction,
financing, operation, maintenance and rehabilitation of a new
bridge spanning the St. Lawrence River between Montreal and
Brossard, Quebec. The bridge opened to traffic in summer 2019 and
the concession runs until 2049. The asset is classified as
availability-based under the investment policy of the Company.
Availability payments are received from the Government of Canada,
which is rated AAA by both Moody's and S&P credit rating
The award-winning bridge serves not only as a link between
Montreal and the south shore communities, but also as Eastern
Canada's gateway to US trade corridors, improving travel efficiency
and safety, whilst creating local jobs.
Duncan Ball, Co-CEO of BBGI, commented:
"We are delighted to make this investment into Signature on the
Saint-Lawrence, the operator of a high-profile infrastructure asset
which is an essential component of Canada's international trade
corridor. Locally, more than 11 million public-transit users,
pedestrians and cyclists use the corridor to cross the St. Lawrence
River each year."
Frank Schramm, Co-CEO of BBGI, said:
"Our 50(th) infrastructure asset investment is such a signature
project. Not only is the bridge built to the highest technical and
functional standards, but it is already recognised for its
aesthetic achievement. The bridge has been built to provide a
125-year design life and received the Envision Platinum award from
the Institute of Sustainable Infrastructure. It is only the second
bridge in North America to earn the Envision Award. The project
will improve travel efficiency and safety and has created jobs for
The completion of the acquisition is subject to Government of
Canada consent and the satisfaction of certain conditions
FOR FURTHER INFORMATION, PLEASE CONTACT:
BBGI Management Team +352 263 479-1
adviser) +44(0) 20 7379 5151
James Benjamin / Jason Ochere BBGIfirstname.lastname@example.org
/ Rhys Jones
BBGI Global Infrastructure (BBGI) is a responsible
infrastructure investment company and a constituent of the FTSE 250
that invests in and actively manages for the long-term a globally
diversified, low-risk portfolio of essential social infrastructure
BBGI is committed to delivering stable and predictable cash
flows with progressive long-term dividend growth and attractive,
sustainable, returns for shareholders. BBGI has a proactive
approach to preserving and enhancing the value of its investments,
and to delivering well maintained social infrastructure for
communities and end users, whilst serving society by supporting
All of BBGI's investments are availability-based and supported
by secure public sector-backed contracted revenues, with
inflation-protection characteristics, that is paid so long as the
assets are available for use.
BBGI's investment portfolio is over 99% operational with all its
investments located across highly rated investment grade countries
with stable, well developed operating environments.
BBGI's in-house management team is incentivised by shareholder
returns and consistently maintains low comparative ongoing charges
Further information about BBGI is available on its website at
The Company's LEI: 529900CV0RWCOP5YHK95
Any reference to the Company or BBGI refers also to its
subsidiaries (where applicable).
* Neither the Company's website nor the content of any website
accessible from hyperlinks on its website (or any other website) is
(or is deemed to be) incorporated into, or forms (or is deemed to
form) part of this announcement.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact email@example.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
(END) Dow Jones Newswires
November 17, 2020 02:00 ET (07:00 GMT)