PRESS RELEASE
02/11/2006

Dexia Mandated Lead Arranger of an approx. GBP 2.4 billion debt package for the acquisition of the largest port company in the UK

Dexia was one of the original four Mandated Lead Arrangers for the financing of the acquisition of Associated British Ports by a consortium of financial investors.

Associated British Ports (ABP) is the largest port company in the United Kingdom, with a market share of 23% of all cargo transiting through UK ports, more than 3,000 employees and a total of 21 port operations spread all around Great Britain.

The four investors, Borealis Infrastructure (a Canadian pension fund), GIC Special Investments (controlled by the Government of Singapore), Goldman Sachs and M&G Investments (Prudential Group)– have acquired 100% of the shares of the company following a management-recommended scheme of arrangement that was approved by ABP’s shareholders on July, 18, 2006.

A GBP 2,370 million acquisition senior debt package (approximately 3.6 billion euros) was arranged and underwritten by Mandated Lead Arrangers Barclays Capital, Dexia Credit Local, Goldman Sachs and Royal Bank of Scotland.

The transaction was successfully syndicated to a total of 31 banks in October.

 

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