Qube Consortium Defeats Brookfield in Asciano Deal
The board of Asciano Limited recommended to its shareholders to accept a A$ 9.05 billion takeover bid for the ports and rail group from the Qube consortium versus the Brookfield Infrastructure Partners Limited consortium. The board recommended Asciano to also pay Brookfield Infrastructure a A$ 88 million break fee. Asciano signed the binding transaction documentation with the Qube consortium – this effectively terminated the Brookfield bid. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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