29.01.2016 - China sovereign wealth fund joins $6.3 bln bid for Australia's Asciano
Australian port operator Qube Holdings Ltd said on Thursday a Chinese sovereign wealth fund was taking part in its A$8.9 billion ($6.3 billion) bid for rail giant Asciano Ltd, potentially complicating regulatory approval amid a political backlash against Chinese investors. Qube revealed the participation of China Investment Corp (CIC) as it made the binding cash-and-share offer for Australia's largest rail freight network, which narrowly bests an offer from Canadian infrastructure giant Brookfield Asset Management Inc...............................................Full Article: Source
Print