Babcock & Brown expects bank announcement Wednesday

Sun Nov 30, 2008 7:28pm EST
 
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SYDNEY (Reuters) - Australian investment firm Babcock & Brown (BNB.AX) expects to be able to make an announcement on discussions with its banks by Wednesday.

Babcock & Brown said on Monday it had asked for an extension of a voluntary suspension in the trading of its shares while continuing discussions with its banks over a short term funding facility.

(Reporting by Mette Fraende)

 
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