Morgan Stanley Infrastructure Partners Acquires 49% Stake in Onslow Iron Road Trust
June 6, 2024
Morgan Stanley Infrastructure Partners (through funds managed by Morgan Stanley Investment Management) agreed to acquire a 49% stake in Onslow Iron Road Trust, with Mineral Resources Limited retaining a 51% majority interest. The Road Trust owns a ~150-kilometer private haul road linking the Onslow Iron project to Ashburton Port in the Pilbara, an asset expected to support ramp-up to 35 Mtpa of iron ore and provide an inflation‑protected cash yield.
- Buyers
- Morgan Stanley Infrastructure Partners (MSIP), Morgan Stanley Investment Management (MSIM)
- Targets
- Onslow Iron Road Trust
- Sellers
- Mineral Resources Limited
- Industry
- Infrastructure
- Location
- Western Australia, Australia
- Transaction Type
- Recapitalization
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