OMERS among buyers of Australian port in $7.3 bln deal: Reuters
A consortium of global and domestic investors agreed to buy Australia's busiest port for a higher-than-expected A$9.7 billion ($7.3 billion), a sign that tough equity markets are fuelling appetite for infrastructure, Reuters reported. Australia's sovereign wealth fund, The Future Fund, and Canada's Ontario Municipal Employees Retirement System (OMERS) will each get a fifth of Port of Melbourne following the sale, which is packaged as a 50-year lease. The government investment vehicle of Queensland state (QIC) and New York-based Global Infrastructure Partners are the other consortium partners.
19 September 2016•2 mins read
