BBW buys interest in Enersis and US wind projects

BBW has reached an agreement with its parent company Babcock & Brown - which acquired the Enersis assets last year [Projects Database] in Colorado

The transactions will be funded using a combination of existing cash and additional borrowing facilities. On a pro-forma basis, it is expected that BBW's gearing as represented by a ratio of net debt to enterprise value will increase to about 61 per cent.

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