The sale of state-of-the-art Long Beach Container Terminal (LBCT) by OOCL to a consortium led by Australia’s Macquarie Infrastructure Partners (MIP) eventually gives us a benchmark in terms of valuation for such assets, putting to rest the speculation that LBCT could have either fetched a stellar valuation (over $2bn) for the seller or a bargain deal (around $1bn) for the buyer.

In short, the price seems fair, and negotiations did not drag unnecessarily. As expected, the deal closed before mid-year, which according to ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium

Or buy full access to this story only for £13.00

Please login to activate the purchase link or sign up here to register an account

Premium subscriber
New Premium subscriber REGISTER

Comment on this article


You must be logged in to post a comment.