An Australian infrastructure fund is to sell its 50% stake in the Port of Portland after holding it for over twelve years.
The stake is being sold to Palisade Ports Pty for AUD66.5m ($66m) and the deal is expected to be completed on 23 May 2012.
Australian Infrastructure Fund’s sale of its stake in Port of Portland follows similar divestments in both the Port of Geelong and Metro Transport Sydney.
“With
