Luxembourg-based investment firm BBGI to be bought in $1.32 billion deal (updated)

BBGI Global Infrastructure SA

06/02/2025 07:29

(Adds details in paras 2-4)
       Feb 6 (Reuters) - Canada's British Columbia Investment
Management Corp will buy Luxembourg-based investment firm BBGI
Global Infrastructure S.A.  BBGIB.L  in a deal valuing the
company at 1.06 billion pounds ($1.32 billion), the companies
said on Thursday.
    BBGI shareholders will get 147.5 pence-per-share in cash, a
premium of 21% to the stock's closing price on Wednesday.
    BBGI, whose portfolio includes projects such as bridges and
tunnels, besides education and health care facilities, said its
board has recommended that shareholders vote in favour of the
deal.
 
 ($1 = 0.8013 pounds)

 (Reporting by Yamini Kalia and Aby Jose Koilparambil in
Bengaluru; Editing by Savio D'Souza)
 ((Yamini.Kalia@thomsonreuters.com;))