B & B Infra flags sales to relieve debt

Babcock and Brown Infrastructure Group (BBI) chairman David Hamill has blamed market misinformation for the satellite fund's plunging security price after it reported an earnings loss and flagged asset sales to relieve debt. BBI reported a net loss of $50.99 million for 2007/08, compared to a profit of $112.96 million in the previous year. Underlying earnings before interest, tax, depreciation and... [read full story]                    

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