News Articles for Babcock & Brown

Woodside Petroleum's ambitious play for Oil Search is a rare example of a Perth-based company being the bidder in a big takeover. Click through to see Business News' listing and analysis of $1 billion-plus M&A deals in WA over the past 20 years.

There are signs of progress at one of the city's most infamous vacant plots of land, the Old Emu Brewery site on Mounts Bay Road.

THE emergence of Lendlease as a major player in the Perth property development scene reflects the company's concerted push into Western Australia in the past three years, with a mix of distressed-a

Alinta owner Babcock and Brown Power has today agreed to settle $444 million in debts and fees to terminate a management and advisory agreement, on condition that a binding deal is signed with the North West Shelf partners.

History has a wonderful habit of repeating itself - just ask Alinta owner Babcock & Brown Power as it tries to crawl out from a $3 billion debt mountain as a crippling increase in its cost base looms.

Global asset manager Brookfield has, for the second time, swooped on a distressed Australian asset with Babcock and Brown Infrastructure today revealing details of a $1.8 billion recapitalisation.

Babcock & Brown Power, the owner of Alinta, has narrowed its net loss in fiscal 2009 and says it hopes to announce by the end of November how it will deal with more than $3 billion of debt and whether it will change its company structure.

It is not that Perth dealmakers are joining the dole queues, they have just had a little more time on their hands recently.

Babcock & Brown Power, owner of Alinta's retail assets, will realise $125 million from the release of an "onerous" contract but has revised down its operational earnings from $310 million to $270 million.

Babcock and Brown Power has finalised the sale of its 70 per cent interest in the NewGen Kwinana power station, with details of the settlement pending performance of the station in the second half of the financial year.

A lower than anticipated performance from Alinta and other operating businesses has prompted Babcock & Brown Power to revise down its full year earnings.

Babcock & Brown Power has signed an agreement to sell the assets of Alinta EATM Pty Ltd to Aurora Energy in a bid to pay down its debt.

Babcock & Brown Power has sold its interest in two Western Australian power stations for a total of $130 million.

Investment group Babcock & Brown Ltd says it has received expressions of interest from a number of parties about setting up strategic relationships.

Embattled investment group Babcock & Brown Ltd plans to announce an overhaul of its business when it reports its first half results tomorrow, as concern grows over the management of assets controlled by the B&B group.

Alinta has finalised the composition of payments to its shareholders under its recently approved takeover scheme, with shareholders who wanted cash rather than various Babcock & Brown securities getting nearly all of their payment in cash.

Fini Group founder Tony Fini has negotiated a $180 million deal to sell his retirement village portfolio to investment bank Babcock & Brown and prominent retirement village player Primelife Cor

Fini Group founder Tony Fini has negotiated a $180 million deal to sell his retirement village portfolio to investment bank Babcock & Brown and prominent retirement village player Primelife Corporation Ltd.

Sydney-based Babcock & Brown Infrastructure has announced it will move to fully acquire WestNet Rail - the company that administer's the state's freight rail lines - after acquiring a 51 per cent stake in them last year.