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BBGI – Acquisition of educational PPP project stake in the UK

London Stock Exchange-listed BBGI has acquired a further 33.3% stake in the East Down Colleges PPP located in county Down, Northern Ireland for GBP 2.1m. Following the acquisition, funded with existing cash resources, BBGI owns 100% of the educational PPP project. The 25-year availability-based PPP involves the Design Build Finance and Maintain of the Ballynahinch, Downpatrick and Newcastle colleges.