In 2000, the State of South Australia announced its intention to privatise the South Australian Ports Corporation. Following a competitive bid process, Flinders Ports Pty Ltd ('Flinders Ports') was announced as the preferred bidder and the acquisition of the business was completed on 2 November 2001.
The shareholding of Flinders Ports is structured as follows:
Motor Trades Association of Australia Superannuation Fund Pty Limited
35.7%
Galaxy S.A.R.L.
35.7%
Local DIT Investments Pty Ltd
14.3%
Equipsuper Flinders Ports Holdings Pty Ltd
7.1%
Equipsuper Pty Limited
7.1%
In addition to the acquisition of the port infrastructure, Flinders Ports also acquired a 99-year land lease and port operating license for the Port of Adelaide and the six regional ports of Port Lincoln, Port Pirie, Port Giles, Klein Point, Thevenard and Wallaroo.
Following the acquisition, the new owners have a major commitment to the on-going development of the existing trades utilising the ports in addition to attracting new business.
Flinders Ports is Quality Assured, and is an Environmentally and OH&S accredited organisation.
Mission
To provide port related services and infrastructure to satisfy the needs of the market and to achieve or exceed shareholders' ongoing financial expectations.
Vision
Flinders Ports will be recognised as the most customer focused and customer responsive port manager in the markets in which we operate.