Significant Stake in Forth
January 14 2008 - 2:02AM
UK Regulatory
RNS Number:6738L
Forth Ports PLC
14 January 2008
14 January 2008
Acquisition of significant stake in Forth Ports PLC
Forth Ports PLC ("Forth Ports" and the "Company") notes the acquisition of a
significant stake in the Company by Babcock & Brown European Infrastructure Fund
and affiliate companies. This acquisition demonstrates their recognition of
Forth Ports as a unique company and as an attractive investment with excellent
prospects.
Enquiries:
Forth Ports PLC
Charles Hammond, Group Chief Executive - Tel: 0131 555 8700
Wilson Murray, Group Finance Director - Tel: 0131 555 8700
Brunswick
Jon Coles/Kate Miller - Tel: 0207 404 5959
Notes to Editors:
Forth Ports PLC owns and operates seven commercial ports in the UK - Tilbury on
the Thames, Dundee in the Firth of Tay and five in the Firth of Forth - Leith,
Grangemouth, Rosyth, Methil and Burntisland. We also operate out of Chatham in
Kent under the Nordic banner.
Within and around the Firths of Forth and Tay, Forth Ports manages and operates
an area of 280 square miles of navigable waters, including two specialised
marine terminals for oil and gas export and provides other marine services, such
as towage and conservancy.
The Group also has significant property interests which it continues to develop
as part of its commitment to increase shareholder value.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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