- BBGI SICAV's portfolio performance and cash receipts since 1 January were in line with the business plan and underlying financial models.

The company says it has completed eight primary acquisitions as well as six follow on acquisitions with a total value of £72.8m.

Co-chief executive Frank Schramm said: "As the portfolio grows in size, the benefits of the internal management structure become more evident with the on-going charge expected to continue to decline. We continue to look for acquisition opportunities but will be disciplined in pursuing growth as the competition for acquisitions remains robust. We remain optimistic about BBGI's prospects for 2014 and believe the company remains attractive to those investors seeking access to long term, stable, inflation-linked cash flows from stable, highly-rated government counter parties."

Co-CEO Duncan Ball added: "The company has enjoyed a good start to 2014 and the portfolio continues to perform well. The 14 separate interests acquired during the period further expand the portfolio, providing greater diversification and lengthening the concession term of the portfolio. All of these stakes were acquired from co-shareholders or on a negotiated basis without having to engage in auction processes."

At 9:48am: [LON:BBGI] Bilfinger Berger Global Infrastructure share price was 0p at 117.25p

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