ADIA's Tawreed part of consortium leasing two Australian ports
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ADIA's Tawreed part of consortium leasing two Australian ports

ADIA's Tawreed part of consortium leasing two Australian ports

A consortium led by Industry Funds Management and including Tawreed Investments, a unit of Abu Dhabi Investment Authority (Adia), has agreed to pay $5.35bn to lease two Australian ports, Bloomberg has reported. The group will hold 99-year leases at Port Botany in southern Sydney and Port Kembla in Wollongong, a city south of the state capital that is home to Australia's largest steel mill, state Treasurer Mike Baird told reporters. The NSW Ports consortium also includes AustralianSuper, Cbus, HESTA, HOSTPLUS.

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