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Image header Agence Europe
Europe Daily Bulletin No. 10020
Contents Publication in full By article 21 / 31
GENERAL NEWS / (eu) eu/competition

16/11/2009 (Agence Europe) - On Monday 16 November, the European Commission gave the green light to the planned merger whereby Brookfield Asset Management Inc. (Canada) intends simultaneously to take sole control of BBI Port Acquisitions (UK) Limited, currently 100% control by BBI, and joint control, together with Babcock & Brown Infrastructure ("BBI", Australia), of Dalrymple Bay Coal Terminal ("DBCT", Australia), by share purchase. Brookfield is a manager of real estate and energy assets. BBI is an infrastructure fund which manages an international portfolio of infrastructure assets. DBCT is an Australian port installation via which coking coal and coal for heating from the mines of the Bowen Basin region in the state of Queensland are exported. BBI Port Acquisitions (UK) is a subsidiary of BBI which controls PD Ports, a port operator and provider of port services based in the United Kingdom and carries out its activities on a regional level. This case was dealt with under the simplified procedure. (O.L./transl.fl)

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