Australian port sold for $7.3 billion to group including Chinese fund

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Australian port sold for $7.3 billion to group including Chinese fund

Australian port sold for .3 billion to group including Chinese fund

SYDNEY (Reuters) – Chinese and Australian sovereign wealth funds, along with other investors, on Monday said they will take Australia’s busiest port private for a higher-than-expected A$9.7 billion ($7.3 billion), a sign that tough equity markets are fuelling appetite for infrastructure.

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