Subscribe to RSS feedDalrymple Bay stake purchase approved
THE AUSTRALIAN Foreign Investment Review Board (FIRB) has approved Brookfield Asset Management’s proposal to acquire half of the Dalrymple Bay Coal Terminal (DBCT) from debt-laden Babcock & Brown Infrastructure (BBI).
“FIRB has confirmed that it has no objections to Brookfield’s cornerstone investment in BBI and the asset arrangements with Brookfield,” BBI said in a statement to the Australian Securities Exchange.
The Canadian infrastructure investor announced on October 8 that it...
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