Cerberus Eyes Chinese Firm's Darwin Port, the Australian Says
US private equity firm Cerberus Capital Management LP is preparing a bid for the strategically-important Port of Darwin, currently owned by Chinese firm Landbridge Group, The Australian newspaper reported.
Cerberus is readying a proposal to buy the 99-year lease from Landbridge at a price slightly above the A$506 million ($328 million) the Chinese company paid for it in 2015, the newspaper said late Monday. Landbridge is possibly open to offers around A$1 billion, The Australian cited an unidentified official as saying.
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