BCI to acquire BBGI for $1.3bn.

British Columbia Investment Management, an investment management corporation, agreed to acquire BBGI, an infrastructure investment company, for $1.3bn. "We believe BBGI will be a compelling and strategic addition to BCI's Infrastructure & Renewable Resources portfolio, with a diversified mix of international holdings across the transport, clean energy, healthcare, education and social infrastructure sectors. We see many opportunities to leverage our expertise, global relationships, and access to long-term capital, alongside BBGI's experienced management team and proven asset management strategies, to drive further growth and value creation across the BBGI portfolio. Our offer provides meaningful value for BBGI shareholders. We encourage all BBGI shareholders to accept our offer, in order to receive the investment liquidity and cash value for their shares we are offering today," Grant Hodgkins, BCI Senior Director, Infrastructure & Renewable Resources.