Australia's Asciano bows to $6.8 billion break-up bid: Reuters
Australia's Asciano Ltd has agreed to a A$9.1 billion (US$6.8 billion) buyout by two consortia after a seven-month bidding war for the port and rail giant, Reuters reported. Asciano said it supported a joint bid from local rival Qube Holdings Ltd, Canada's Brookfield Asset Management and a host of backers from China to Qatar. Canadian Pension Plan Investment Board is among the investors that will get Asciano's railways business.
15 March 2016•2 mins read
