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Dalrymple Bay Infrastructure Ltd. ( (AU:DBI) ) has provided an announcement.
Brookfield Infrastructure Partners has agreed to sell approximately 23.2% of its stake in Dalrymple Bay Infrastructure (DBI) through a block trade agreement, while retaining a 26.25% interest, making it still the largest securityholder. This sale increases the number of DBI securities available for trading on the ASX, potentially facilitating DBI’s inclusion in the S&P ASX 200 index, which could enhance its market visibility and attractiveness to investors.
The most recent analyst rating on (AU:DBI) stock is a Hold with a A$2.91 price target. To see the full list of analyst forecasts on Dalrymple Bay Infrastructure Ltd. stock, see the AU:DBI Stock Forecast page.
More about Dalrymple Bay Infrastructure Ltd.
Dalrymple Bay Infrastructure (DBI) operates the Dalrymple Bay Terminal, the world’s largest metallurgical coal export facility, serving as a crucial link in the global steelmaking supply chain. The company focuses on providing safe and efficient terminal infrastructure and services for Australian coal exports, aiming to deliver value through stable cashflows and capacity expansions.
Average Trading Volume: 438,337
Technical Sentiment Signal: Buy
Current Market Cap: A$2.01B
See more data about DBI stock on TipRanks’ Stock Analysis page.