Brookfield bid for Australian rail, port assets hits regulatory red light: Reuters
An Australian regulator has knocked back an attempt by Canadian infrastructure giant Brookfield Asset Management to overcome competition concerns holding up its A$9 billion (US$6.53 billion) bid for port and rail firm Asciano Ltd, Reuters reported. The decision is a blow to a takeover proposal backed by Asciano and boosts the prospects of a rival bid from smaller Australian logistics business Qube Holdings Ltd.
26 November 2015•2 mins read
