Following a meeting of the Supervisory Board of Hamburger Hochbahn AG (Hochbahn AG), Babcock & Brown Public Partnerships Limited (LSE: BBPP or the “Company”) was today announced as the successful bidder of a 49% stake in the newly established Hochbahn AG subsidiary named BeNEX. Hochbahn AG is the second largest Local Public Passenger Transportation (LPPT) company in Germany and is 100% owned by the federal state City of Hamburg.

Hochbahn AG has placed all its existing expansion activities in the Local Public Passenger Transportation (LPPT) sector outside the metropolitan region of Hamburg into BeNEX. BeNEX has shares in four rail transportation companies (cantus, metronom, NBE nordbahn, and ODEG) and in four bus transportation companies (FBG Fulda, KVG Kieler Verkehrsgesellschaft, Stadtverkehr Lübeck, and WiBus Wiesbadener Busgesellschaft).

The investment was sourced by the Company’s investment adviser, Babcock & Brown Investment Management Limited, a subsidiary of the Babcock & Brown Group, whose worldwide network of 29 offices staffed by more than 1000 staff (including more that 300 dedicated infrastructure specialists), offers substantial resource in the origination and execution of investment opportunities for the Company.

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