16.03.2016 - Qatar-backed consortium completes $6.8bn takeover of Australian freight giant Asciano
Australia's Asciano Ltd on Tuesday agreed to a A$9.1 billion ($6.8 billion) buyout by two global consortia after a seven-month bidding war for the port and rail giant, although doubts persist over anti-trust and foreign ownership issues. In its third takeover endorsement in nine months, Australia's largest ports and rail operator said it now supported a joint bid from local rival Qube Holdings Ltd, Canada's Brookfield Asset Management Inc and a host of backers from China to Qatar...............................................Full Article: Source
Print