BREAKFAST DEALS: Ports clean-up

New South Wales collects a nice profit from its ports auction, while Shell could sell out of Woodside as it scraps Browse.

The port lease auction in New South Wales exceeded expectations to such an extent that governments in Australia can’t help but realise they can get a good price from privatisations to improve their balance sheets. Meanwhile, some familiar takeaways have emerged from a Woodside Petroleum announcement, this time to do with gas. Speaking of which, APA has picked up $400 million from its pipeline sale, while Norfolk Group’s talks with RCR Tomlinson appear to have produced a deal.

Port Botany, Port Kembla… a beginning?


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