BBI buys a majority stake in Belgian port operator Manuport Group
The investment company Babcock & Brown Infrastructure Group (BBI) has purchased a majority stake in Belgian port operator Manuport Group.
It is the Babcock & Brown Ltd managed fund's third European concessional port acquisition this year. Babcock says the three ports have a “total enterprise value” of approximately $556 million.
Manuport, which owns the largest white sugar storage facility in the world, handles more than 8 million metric tonnes (mt) of sugar, fertilizers and minerals per year.
It has long-term concessions over approximately 4.7 kilometres of berths and 70 hectares of land in the Belgian ports of Antwerp and Ghent.
BBI's other two European concessional port acquisitions are a 51% stake in Spain's Tarragona Port Services and a 51% stake in Belgium's Water Container Transport. Concessional port agreements involve the lease of port land from the land owners. BBI also owns part of UK's PD Ports .
Other flagship maritime port-related assets in BBI's portfolio include the Dalrymple Bay coal terminal in Hay Point, Australia.
It is the Babcock & Brown Ltd managed fund's third European concessional port acquisition this year. Babcock says the three ports have a “total enterprise value” of approximately $556 million.
Manuport, which owns the largest white sugar storage facility in the world, handles more than 8 million metric tonnes (mt) of sugar, fertilizers and minerals per year.
It has long-term concessions over approximately 4.7 kilometres of berths and 70 hectares of land in the Belgian ports of Antwerp and Ghent.
BBI's other two European concessional port acquisitions are a 51% stake in Spain's Tarragona Port Services and a 51% stake in Belgium's Water Container Transport. Concessional port agreements involve the lease of port land from the land owners. BBI also owns part of UK's PD Ports .
Other flagship maritime port-related assets in BBI's portfolio include the Dalrymple Bay coal terminal in Hay Point, Australia.