This just in from Robert Wright of the Financial Times...
The fact compiler appears to be confused - understandably confused, but still confused - about who owns Angel Trains.
The purchase from RBS was arranged by Babcock & Brown, the bit that's gone bust, which also arranged the financing.
But the shares are owned by a range of investors, including the Babcock & Brown European Infrastructure Fund, a separate fund that's unaffected by the Babcock & Brown collapse.
Babcock & Brown holds fewer than 5 per cent of the shares in BBEI, I'm told.
So there's no cause for alarm about the future of either Angel Trains or Forth Ports.
The Fact Compiler stands corrected!
Grimsby and Back
2 years ago
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