Cerberus Eyes Darwin Port, Australia Reviews Chinese Control

US private equity firm Cerberus Capital Management LP expressed interest in purchasing the lease for Australia’s strategically important Port of Darwin from Landbridge Group, despite the Chinese firm insisting it has no interest in selling the asset.

Landbridge Australia executive director Ben Cheng said that Cerberus had held an initial meeting with the leadership of the port to express an interest in a sale, but that there had been no meeting with Landbridge yet or any official offer or bid. “Landbridge has no intention to sell the port,” he added.