CANADIAN infrastructure investment giant Brookfield has sold its remaining stake in Dalrymple Bay Infrastructure, owner of the eponymous Queensland coal terminal.
Although DBI doesn’t appear to have made a formal announcement, financial media is reporting Brookfield last night [9 September] launched a block trade through Barranjoey Capital Partners after ASX trading closed, to unload its residual 26% stake in a deal valued at $527 million.
At 1500 today the DBI share price was $4.16, down 4.5%. Total market value is said to be about $2 billion.
The terminal was privatised by the Queensland Government in 2001 via a long-term lease (50 years with 49-year option) to Babcock & Brown Infrastructure (renamed Prime Infrastructure in 2005).
Brookfield Infrastructure Partners originally become the outright owner when re-capitalising the lease-holder company in 2009. In 2020 Brookfield listed DBI on the ASX, retaining a 49% stake. It divested a 23.2% holding for $428 million in mid-June this year, and the remaining shares have now been completely disposed of.
DBI last month reported a 17% increase in net profit after tax for the first half of 2025, compared to the year prior. EBITDA was $143.8 million, up 5.3% on 1H 24, while NPAT was $43.1 million.
No buyer of the Brookfield stake has been revealed at time of writing; there have been suggestions Aurizon is an interested party.
Dale Crisp
