29.01.2016 - Australia-led group bids $6.3bn for logistics firm Asciano
An Australian-led consortium including a Chinese sovereign wealth fund bid US$6.30 billion for ports and rail operator Asciano Thursday, kicking off a bidding war with a Canadian asset manager. Qube Holdings -- leading a group including China's CIC Capital Corporation, the Canada Pension Plan Investment Board and investment group Global Infrastructure Partners -- said it had submitted the offer with an implied value of Aus$9.17 per Asciano share. That valued the bid at Aus$8.95 billion...............................................Full Article: Source
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