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Babcock & Brown in talks to sell off all or part of PD Ports
Australian owner says ‘we are open to attractive offers’ But UK port says BBI ‘cannot strip out cash or sell off major assets’
Roger Hailey - Tuesday 3 March 2009
AUSTRALIA’s Babcock & Brown Infrastructure is in talks to sell all or part of its PD Ports business in the UK.
BBI, which owns 100% of the Teesport bulk and container ports business in the north of England, has confirmed that it is engaged in on-going discussions for the sale of an equity stake in PD Ports.
The struggling Australian inf...
