- BBGI SICAV SA has entered into a sale and purchase agreement with Sundt AS to acquire a further 41.2% equity interest in the E18 roadway project in Norway. Upon completion, BBGI will own 100% of the equity interest in E18.

E18 is a long term PPP concession contract to operate and maintain a new section of highway between Grimstad and Kristiansand in Norway. The 38km dual carriageway road opened in August 2009 and is part of the trunk road from Oslo to Kristiansand.

It is a key element of the transport corridor between southern Norway and the Continent as well as an important connection between the two cities.

The concession expires in 2034 and is availability-based with no volume risk.

Story provided by