Bilfinger Berger Sicav completes Canadian infrastructure deals
Bilfinger Berger Global Infrastructure Sicav has completed deals to acquire equity and loans on healthcare facilities located in British Columbia, and highway infrastructure in Alberta, Canada.
One deal is for a 50% equity and loan note interest in a PPP (private public partnership) project affecting a new clinical academic campus and car park at Kelowna Vernon Hospital. It also encompasses a patient care facility at Vernon – both cities are located in the Canadian province of British Columbia.
The fund is also buying a 100% equity and loan note interest in part of a bigger highway project to develop a ring road around the city of Calgary in the province of Alberta. The North East Stoney Trail is a long term PPP contract affecting a 21km stretch of highway.
The acquisition cost is set at C$41.3m (€31.4m), which will be funded by the fund’s existing cash and debt resources. Subject to regulatory clearance, the deals should be finalised by the third quarter of 2013.
Bilfinger Berger Global Infrastructure Sicav is a closed ended investment company incorporated in Luxembourg and listed on the London Stock Exchange. Its portfolio consists of some 20 PFI (private finance initiative) and PPP assets diversified across the UK, Continental Europe, Canada and Australia.