Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds, bought a minority stake in Australia's Port of Brisbane in a deal worth A$2.1 billion, (US$2.11 billion) the Queensland government said in a statement.
ADIA was part of the Q Port Holdings consortium that included major stakeholders Global Infrastructure Partners, Industry Funds Management (IFM) and funds managed by QIC Limited that will take ownership of the port under a 99-year lease.
ADIA, through its wholly-owned subsidiary Tawreed Investments, took a 19% stake in the port while the remaining three funds hold a 27 percent stake each.
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