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
Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.