Industry Funds Management led a consortium of investors in acquiring the 99-year leases of two major Australian ports for A$5.07 billion ($5.3 billion), IFM spokeswoman Philippa Daniels wrote in an e-mail.
The consortium includes multi-industry employer superannuation fund A$59 billion AustralianSuper, and Tawreed Investments, a subsidiary of the US$627 billion Abu Dhabi Investment Authority. Australian superannuation funds A$19 billion Cbus, A$20 billion HESTA Super Fund and A$12 billion HOSTPLUS are also part of the IFM coalition
The ports are Port Botany, the second-largest container port in Australia, and Port Kembla, a large export facility for coal and other bulk products in Australia.
The transaction is expected to close on May 31.