BBP 0.00% 9.5¢ babcock & brown power

if bnb tanks

  1. Dis
    3,746 Posts.
    At the BBI AGM one of the questions raised regarded why BBI persists with BNB as the manager. The answer : terminating the agreement would trigger certain events which could be detrimental to current share holders. I think it was about having to payout / convert preference shares which would dilute current share holdings.

    If BNB goes to the receivers, my understanding that the management agreement becomes void

    If BBP in this position as well - terminating the agreement or BNB failing will actually make the situation worse?
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