OCEANIA

Dalrymple sale gets thumbs-up

17 years ago

The Australian Foreign Investment Review Board has approved Brookfield Asset Managements part acquisition of Dalrymple Bay Coal Terminal from ports investor Babcock & Brown Infrastructure.

Brookfield’s investment is a cornerstone support of BBI which has faced crippling debt issues.Brookfield will pay A$295m (US$274.8m) for a 49.9% interest in the world’s third-largest coal export facility as part of an A$1.1bn (US$1bn) recapitalisation package.

OCEANIA