Ports Botany and Kembla — a case study in optimising price and risk outcomes in a competitive sale process
Much has been written about the New South Wales (NSW) government’s stunning result from its 99-year lease of Port Botany and Port Kembla earlier this year. A transaction price of AUD5.07bn (£2bn), representing 25 times EBITDA, surpassed the wildest expectations of the most bullish market commentators.
The recently expanded economic and water gateway to Australia’s largest city was always going to attract strong interest from institutions and funds looking for exposure to attractive infrastructure assets in a politically stable and secure growth market; there is no better infrastructure proxy for the NSW economy.
But how and why did the state achieve such extraordinary success? It is a story of insight and a new benchmark in preparation and delivery…
If you are registered and logged in to the site, click on the link below to read the rest of the Minter Ellison briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.