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Australia’s State Super Joins Brookfield in GeelongPort Sale

  • Australian pension fund to start accepting bids next week
  • Port generates about $43 million in earnings annually
Aerial Views Of Melbourne Under Stage Four Coronavirus Restrictions

Photographer: Robert Cianflone/Getty Images

Australian pension fund SAS Trustee Corp. is offering its share of a Melbourne-area port as part of a sale process with fellow owner Brookfield Asset Management Inc., according to a person familiar with the matter.

The move by the fund, known as State Super, puts full control of GeelongPort Pty up for grabs, said the person, asking not to be identified as the information is private. The sellers will start accepting bids as soon as next week, and aim to sign a deal by December at the earliest, the person said.