BBGI Global Infrastructure, a publicly listed investment company dedicated to infrastructure investments, has decided to shelve its conditional agreement to acquire a 25 percent interest in Center Hospitalier de l'Université de Montréal (CHUM), a hospital in Montreal, Québec, Canada.
BBGI Global Infrastructure and the seller Obrascón Huarte Lain have decided to formally end the sale-and-purchase agreement, as certain conditions related to the transaction have not been fulfilled.
“We continue to source attractive investment opportunities from BBGI’s pipeline of availability-style investments, maximizing the benefits of our strategic investment partnerships and experience,” said Duncan Ball and Frank Schramm, co-CEOs of BBGI Global Infrastructure. “Our strategy is to remain disciplined and selective in our approach to acquisition opportunities.”