BiFab a Fab Buy?
The Scottish Government invested £37.4 million in BiFab through a mixture of equity and loan facilities. This investment was converted to a 32.4% equity stake in BiFab, but what valuation was this equity stake based upon? And now that InfraStrata plc has purchased BiFab for a measly £850k (with only £650,000 upfront guaranteed), this means that the Scottish Government's return on their £37.4 million investment is a "whopping" £275,400. #Bargain