the consortium guided from Qube throws again the offer in order to acquire Asciano



The consortium guided from the logistic group Australian Qube has thrown again today the offer in order to acquire the entire capital of Asciano, harbour group and railway Australian who is already object of a advanced offer of takeover last summer from the Canadian Brookfield Asset Management Inc. - with which Asciano a specific binding agreement has undersigned - that will expire next 5 February ( on 3 July and 18 August 2015).

Last November Qube Holdings Ltd. with the Global American Infrastructure Management (JEEP), investment trusts in the infrastructural field, and to the pension fund Canadian Canada Pension Plan Investment Board (CPPIB) had advanced a proposal in order to acquire Asciano of advanced value to that introduced from Brookfield, that is pairs to 9,25 Australian dollars for each action of Asciano regarding 9,05 dollars offered from Brookfield.

Today the consortium guided from Qube has advanced an offered new and has announced the income of a new partner, the Chinese public society of investments China Investment Corporation (CIC). The proposed new of purchase of the consortium formed from Qube, JEEP, CPPIB and CIC is of 6,97 Australian dollars for each action of Asciano and an action of Qube in exchange for an action of Asciano, for a total value of 9,17 Australian dollars for each action of Asciano, price - it has specified the consortium - that is based on the average price which weighted of the operations of purchase and sale of the actions of Qube in a period of 30 days, or 9,08 Australian dollars on the base of the price of closing of the title of Qube in the last day of dealings precedence the date of presentation of the offer. The consortium has evidenced that such value of the offer is advanced to that of the Brookflied, whose proposed currently it has a value of 8,77 Australian dollars for each action of Asciano.

The proposal of the consortium previews that Qube acquires all the terminalistiche activities in the field of the container that Asciano work through the Patrick branch let alone 50% of harbour other asset of the group. Moreover JEEP, CPPIB and CIC Capital (division of group CIC) would acquire the having remained the railway activities of Asciano and harbour activities of the Australian group included a participation of 50% in ACFS Ports Logistics that successively would be yielded to third party (included the same Qube eventually).