La Caisse acquires a 26.7% interest in Australia's Port of Brisbane

unknown

La Caisse de dépôt et placement du Québec today announced its acquisition of a 26.7% stake in the Port of Brisbane in Australia’s Queensland. The transaction follows a bidding process launched earlier this year for the interest held by Global Infrastructure Partners (GIP). false false false With the most diversified product base of all of Australia’s capital city ports, the Port of Brisbane, which was privatized by the Queensland government in 2010, is the country’s third-largest container port. Each year, the port handles in excess of 37 million tonnes of international cargo valued at around $50 billion. The Port of Brisbane is the closest major container port to the country's largest export market in the Asia Pacific Rim. false false false The transaction is expected to close by December 18, 2013. ABOUT LA CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC La Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans. As at June 30, 2013, it held $185.9 billion in net assets. As one of Canada’s leading institutional fund managers, La Caisse invests in major financial markets, private equity, infrastructure and real estate globally. For more information: www.cdpq.com. false false false