GeelongPort : Stonepeak, Spirit Super to acquire Victoria’s second largest port

GeelongPort : Stonepeak, Spirit Super to acquire Victoria’s second largest port

Stonepeak, a US alternative investment firm, and Spirit Super, an Australian industry super fund, have agreed to acquire Victoria’s second largest port GeelongPort, in a joint transaction valued at approximately AUD 1.1 billion ($728.2 million). As per the terms of the transaction, Stonepeak will acquire a majority 70% stake in GeelongPort, and Spirit Super will […]