US-based investing firm Stonepeak and Australian fund Spirit Supe announced the signing of a definitive agreement to buy 100% of Australia’s GeelongPort Pty Limited.
GeelongPort is Victoria’s second largest port located approximately 75 kilometers southwest of Melbourne within Victoria’s largest regional city, Geelong.
Under the terms of the agreement, Stonepeak, on behalf of its managed funds and accounts, will hold a majority 70% interest in the entity, and Spirit Super will have a 30% stake.
The...
https://container-news.com/stonepeak-and-spirit-supe-acquire-australian-port/