Brookfield pulls trigger on Dalrymple Bay float

19 October 2020 - 12:00 am UTC

Brookfield Infrastructure has decided to sell the Dalrymple Bay Coal Terminal (DBCT) via an initial public offer that will value the equity on offer at up to AUD 1.5bn (USD 1.06bn), sources familiar said.

The Canadian asset manager will retain a shareholding of between 20% and 40% in the metallurgical coal shipping facility – to be named Dalrymple Bay Infrastructure for the float – in Northern Queensland and expects to launch the IPO around the middle of November after a prospectus has been lodged, said  two of the sources.

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