Investor Group Led by QIC Pays $7.3 Billion for Port of Melbourne
The Port of Melbourne is Australia’s largest container port, handling approximately 2.6 million containers annually, according to its website. QIC led a group of investors, named the Lonsdale Consortium, to acquire a 50-year lease to operate the Port of Melbourne for A$ 9.7 billion (US$ 7.3 billion). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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