TCI wants Babcock & Brown Wind to Shut Down

March 29th, 2009
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Dow Jones reported that activist investor the Children's Investment Fund Management (TCI) wants Australia’s Babcock & Brown Wind Partners to sell its assets and close down operations. TCI is the company’s largest shareholder with a 14% stake.

The article stated that TCI wants BBW “to sell its non-core assets in Germany and France and to also test the market for the sale of its remaining US and Australian wind farms.” In response, BBW’s chairman recognized that the company is currently undervalued, but added that recent wind farm sales has put the company in a "strong financial position."
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For Detailed Investor Profiles on these Investors, click below:
The Children's Investment Fund Mgmt
Related People: Chris Hohn
Related Entities: Children's Investment Master Fund; Childrens Investment Fund LP; Childrens Investment Fund Management (UK) LLP; TCI; The Children's Investment Fund; The Children's Investment Fund Foundation
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles

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