Bruno Alves
The German multiservice group said earlier this week that it plans to go ahead with an IPO of its Australian business – which includes construction units Abigroup and Baulderstone. Bilfinger Berger hopes to list its Australian subsidiary during the first half of this year, in a deal that could net the company up to A$1.5bn.
The €200bn pension plans to channel an extra €2bn for infrastructure investments over the next three years. Infrastructure funds are likely to benefit since ABP has no plans to invest directly.
Qatari Diar – fully owned by the emirate of Qatar – has become the second-largest shareholder in French construction company Vinci with a stake of between 5% and 8%. In exchange, Vinci acquires 100% of service provider Cegelec, which is set to add some €3bn in revenues to the French group.
The Australian investor is said to be in talks with the Canada Pension Plan Investment Board and the Abu Dhabi Investment Authority to submit a joint bid for French firm EDF’s UK electricity network. Goldman Sachs and Lexicon Partners are reportedly advising the consortium on their bid.
UK appeals court says the decision to force airport operator BAA to sell three of its seven UK airports was affected by 'apparent bias', but stops short of saying if it won’t have to sell more airports.