Staff
The Caisse de dépôt et placement du Québec has acquired a 26.7% stake in the Port of Brisbane for an undisclosed amount.
The transaction follows a bidding process launched earlier this year for the interest held by Global Infrastructure Partners.
The Port of Brisbane, which was privatized by the Queensland government in 2010, is Australia’s third-largest container port. It’s also the closest major container port to the country’s largest export market in the Asia-Pacific Rim.
“This is a first-class asset, well positioned to participate in the growth of Queensland and Asia’s emerging economies,” says Macky Tall, the Caisse’s senior vice-president of infrastructure.
The transaction is expected to close by Dec. 18, 2013.
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