press release

Mandated Lead Arrangers Dexia, Dresdner Kleinwort and Lloyds TSB close Euro286M debt facility for Babcock & Brown Infrastructure

The financing of the acquisition by Benelux Port Holdings, majority-owned by Babcock & Brown Infrastructure (BBI), of the Belgian based port operators Manuport NV and Westerlund NV has reached financial close.
Manuport is a well-established, leading specialty bulk terminal operator and vertically integrated logistics provider in the ports of Antwerp, Ghent, Le Havre as well as Varna in Bulgaria.
Westerlund operates marine general cargo and bulk terminals in the ports of Antwerp, Rouen in France and Changshu in China, and is estimated to have handled over 9 million tonnes of cargo in 2007.
The Euro286M debt facilities are fully underwritten by Dexia, Dresdner Kleinwort and Lloyds TSB, acting as MLA (Mandated Lead Arrangers) and underwriters.
BBI's ports division now controls a portfolio of seven European port operators, operating in 15 ports throughout Europe and one in China.
Contact :
Emmanuel Falisse: + 32 2 222 16 76 -
Goedele Ertveldt: + 32 2 222 15 03 -