Spirit Super's Aussie port deal tackles anti-trust concerns

Australian superannuation fund Spirit Super and US-based infrastructure investor Stonepeak’s deal to acquire GeelongPort Pty Limited (GeelongPort) is likely to fare better in the path to transaction closing, with fewer anti-competition hurdles. The deal comes three months after the superannuation fund’s first attempt to acquire the port earlier this year fell through. The purchase -- signed for an undisclosed amount -- is understood to be worth approximately $745 million (A$1.1 …