Tag Archive: Australia’s Port of Melbourne sold for $7.3bn to investors including Chinese


on September 19, 2016 in World News

Australia’s Port of Melbourne sold for $7.3bn to investors including Chinese

The Port of Melbourne has been sold for $7.3 billion to Chinese and Australian sovereign wealth funds and other investors. It is Australia’s biggest container and cargo port where 3,000 ships dock annually. Read more Greece sells largest port Piraeus to Chinese company This is one of the biggest privatization deals in Australian history, falling short of the sale of the electricity grid company Transgrid for $10.3 billion last November. The Port of Melbourne was sold at a higher price than the Australian government had expected. “The lease, worth in excess of $9.7 billion, reflects strong bidder interest and...

The Port of Melbourne has been sold for $7.3 billion to Chinese and Australian sovereign wealth funds and other investors. It is Australia’s biggest container and cargo port where 3,000 ships dock annually. Read more Greece sells largest port...

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