Queensland to Announce Purchase of Port of Brisbane by Investment Group

Andrew Fraser, the treasurer for the Australian state of Queensland, will meet with members of the media today at 2:40 p.m. Brisbane time to discuss a transaction involving the Port of Brisbane.

Queensland will announce the A$2.3 billion sale of the port to a group led by Macquarie Group Ltd. and Queensland Investment Corp., the Australian newspaper reported earlier, without saying where it got the information.

Fraser’s office announced the news conference in an e- mailed news release.

To contact the editor responsible for this story: Iain Wilson at iwilson2@bloomberg.net

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