QIC drops out of Port of Brisbane bidding

The Brisbane-based investment fund and stake holder has failed to attract co-investors needed for an offer on the 26.7 per cent share of the port being shopped by a New York-based seller.

QIC Ltd, an investment firm with $74.3 billion in funds under management, has abandoned efforts to acquire a majority stake in Queensland’s biggest port after failing to persuade other investors to share the risk and reward of buying Global Infrastructure Partners’ shareholding in the port.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles