China sovereign wealth fund joins $6.3 bln bid for Australia's Asciano: Reuters

Australian port operator Qube Holdings Ltd said a Chinese sovereign wealth fund was taking part in its US$6.3 billion bid for rail giant Asciano Ltd, Reuters reported. Qube revealed the participation of China Investment Corp as it made the binding cash-and-share offer, which narrowly bests an offer from Canada's Brookfield Asset Management.

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