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  • BBGI Global Infrastructure offered £1bn takeover deal

    Investing

    BBGI Global Infrastructure has been offered a £1bn takeover from a Canadian pension giant, with the FTSE 250 trust’s board backing the deal. In a stock exchange notice, BBGI said $250bn asset manager British Columbia Investment Management had offered 147.5p a share for the entire trust, 21 per cent above the trust’s share price yesterday. [...]

    Leo Quinn departs following a more than 10-year stint at the helm of the UK's biggest contractor in which he has slashed debts significantly.

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