Brookfield halts sale of coal port due to coronavirus: Reuters

The decision makes the Dalrymple Bay Coal Terminal the largest deal in Australia to fall victim to the volatile market conditions sparked by the epidemic.

Brookfield Asset Management has put the $2 billion sale or potential listing of its coal export terminal in Australia on hold due to travel restrictions amid the spread of coronavirus, Reuters reported. Running a sale and listing process had become impossible given travel bans due to the global outbreak. The decision makes the Dalrymple Bay Coal Terminal the largest and most high profile corporate deal in Australia to fall victim to the volatile market conditions sparked by the epidemic, the report said.

See Reuters report here.