India’s Adani to Pay $2 Billion for Australia’s Abbot Point Coal Terminal

Bloomberg reported that coal importer Adani (BOM:512599) is buying Australia’s Abbot Point terminal.

The market news is quoted as saying:

Australia’s northeastern state of Queensland, which raised more than A$4 billion selling shares of coal-train operator QR National Ltd. in November, started an asset-sale campaign to replace lost revenue and regain its AAA credit rating.

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