Darwin Port Stake Acquired by the State Government

pic: portsaustralia.com.au
  • The Northern Territory government has bought the remaining 20% stake of Darwin Port
  • Purchase comes on the back of a search for a buyer. Unknown if any other investor did not show interest or whether the 20% stake being purchased by the NT government was due to the sensitivity of the subject asset.
  • The majority 80% stake was purchased by Chinese Company Landbridge structured as a 99 year lease.

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