Asciano resolves dispute gnawing at $6.8 bln buyout: Reuters
Australian freight giant Asciano Ltd said it has resolved a legal dispute with a trucking subsidiary that had threatened to delay a A$9.1 billion (US$6.8 billion) buyout led by Canada's Brookfield Asset Management Inc, Reuters reported. Asciano said it agreed to give its half stake in Sydney trucking business Australian Container Freight Services Pty Ltd to the family which owned the other half. The settlement will be a welcome respite for Asciano and the global consortium of investors from Canada, Australia, China and the Middle East which has been trying to buy it for more than a year.
27 June 2016•2 mins read
