Brookfield offers asset sale to clear $6.5 bln Asciano deal: Reuters
Australia's antitrust regulator said it will consider a watered down version of Canadian infrastructure giant Brookfield Asset Management's US$6.5 billion bid for freight firm Asciano Ltd, reviving the prospect of a deal, Reuters reported. The Australian Competition and Consumer Commission (ACCC) said Brookfield offered to sell one of the target company's rail freight businesses and one of its own coal terminals to ease concerns that the buyout would give it too much market dominance. The move is a blow to rival Australian bidder Qube Holdings Ltd.
22 December 2015•2 mins read
