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Troubles infrastructure group Babcok & Brown suffered another blow when two of its listed fiunds cut dividend payments to conserve cash resources.
Profit for 2008-09 will be $ 439million, the lowest range expected by analysts.
the diminishing share price recovered marginally when serveral European companies signalled interest in B&B's wind farm assests, worth an estimated $3billion.
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Bankers are still determining whether to conduct a formal review of a $2.8billion dedt facility held with B&B. |
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