Rival to Brookfield's Australia port deal invokes national interest: Reuters
The Australian government may order the country's freight industry to restructure if port and rail giant Asciano Ltd is sold to Canada's Brookfield Asset Management Inc, a rival bidder told reporters, including Reuters. Australian logistics business Qube Holdings Ltd is trying to give Asciano's shareholders a reason to warm to its slightly higher indicative offer, which came after the target company had recommended Brookfield's US$6.5 billion buyout. Qube is partnering in its bid with Canada Pension Plan Investment Board and Global Infrastructure Partners.
24 November 2015•2 mins read
