Australia BBI to book 120 mln euro loss on Euroports

Australian investment group Babcock & Brown Infrastructure (BBI.AX) will book a pre-tax loss of about 120 million euro ($171 million) following an amended agreement to sell its interest in Euroports, it said on Tuesday.
Euroports is one of the largest port operators in Europe and owns a portfolio of port concession businesses in over twenty strategic locations throughout Europe.