Subscribe to RSS feedNZ company eyes Brisbane port sale
Former employees of the Port of Brisbane are reported to be driving a bid by New Zealand’s Morrison & Co to buy the Queensland trading hub.
Port of Brisbane up for sale (Photo: Southern Cross Maritime)
Morrison & Co declined to comment when approached by Lloyds List DCN today.
However, Lloyd's List DCN understands that Morrison and Co is one of three parties potentially interested in the deal along with Global Infrastructure Partners and Queensland Investment Corporation.
Morrisons previously held a 25% stake in Port of Tauranga and is also involved with the Port of Portland in Victoria.
The Port of Brisbane, valued about $2bn, is one of the major Queensland assets listed for sale by the Bligh Government which sought expressions of interest for the port earlier this year.
The asset sale has generated widespread opposition, particularly from unions.
A spokesman for Queensland treasurer Andrew Fraser said the state government expected to have the port sale concluded by the end of the year.
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