On 31 August 2007, BBI EPS as part of a consortium with Singapore Power and Babcock & Brown Power, acquired Alinta Limited through a Scheme of Arrangement. From this transaction, BBI EPS acquired a portfolio of energy transmission and distribution assets and operations and maintenance businesses including:
* 74.1% interest in Alinta Gas Networks;
* 100% ownership of Tasmania Gas Pipeline;
* 100% ownership of Alinta Asset Management - West;
* Up to 20% interest in Dampier to Bunbury Natural Gas Pipeline; and
As part of the acquisition, BBI EPS Limited issued 778.7 million BBI Exchangeable Preference Shares at an issue price of $1.00. On the date of issue, these Preference Shares had a fair value of $677.4 million. Further details of BBI EPS are listed below:
Constitution
Terms & Conditions
01.10.2008 BBI EPS Dividend Period Ending 31 December 2008
05.11.2008 BBI EPS Limited AGM Voting Results
05.11.2008 Suspension of Distributions and EPS Dividends
13.11.2008 BBI EPS Changes to Composition of Board
21.11.2008 Amendments to Constitution and BBI EPS Terms
01.12.2008 BBI EPS Ltd Redemption on Change of Control