Independent journal on economy and transport policy
14:55 GMT+1
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the consortia Brookfield and Qube anticipate an only offer in order to buy Asciano that is accepted by the Board of the Australian group
The proposal assigns to the company a value of about nine billions of USA dollars
March 16, 2016
The consortia guided from Brookfield Infrastructure Partners and Qube Holdings, both in race in order to acquire the harbour group and railway Asciano Australian, have come to an agreement and introduced an only proposal of takeover based on an offer of 9,28 Australian dollars for each action in order to buy the entire capital of Asciano, that therefore USA 9,0 billion dollars are estimated about 12,0 billion dollars Australian (). The board of directors of Asciano has decided unanimously to recommend the shareholders to accept this last offer.
The consortium guided from Brookfield Infrastructure Private Partners includes GIC Limited (GIC), the British Columbia Investment Corporation Management (bcIMC) to which Qatar Investment Authority has joined recently. The consortium guided from Qube Holdings is participated by Canada Pension Plan Investment Board (CPPIB), Global Infrastructure Management (JEEP) and CIC Corporation Capital (CIC Capital).
The proposal of takeover previews that a consortium (Rail Consortium) constituted by CPPIB, JEEP, CIC acquired Capital, GIC and bcIMC the entire capital stock of Asciano and with it the carried out railway activities from the Australian group through the branch railway Pacific National, while the activities of the Patrick branch will be yielded by Asciano for 3,84 billion dollars Australian (USA 2,9 billion dollars about) with the following modalities: terminalistica joint venture (Terminals JV) formed from the Qube and the Brookfield consortium the harbour activities in the field of the container of Asciano for an Australian total of 2,915 billion dollars will acquire all (USA 2,2 billion dollars); moreover the Brookfield consortium will acquire for 925 million dollars Australian (USA 691 million dollars) all the activities of Asciano in the other segments of the harbour branch (handling of bulk and motor vehicles) included the participation pairs to 50% in the Australian Amalgamated Terminals (AAT) and the participation of 50% in the ACFS Port Logistics.
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The consortia guided from Brookfield Infrastructure Partners and Qube Holdings, both in race in order to acquire the harbour group and railway Asciano Australian, have come to an agreement and introduced an only proposal of takeover based on an offer of 9,28 Australian dollars for each action in order to buy the entire capital of Asciano, that therefore USA 9,0 billion dollars are estimated about 12,0 billion dollars Australian (). The board of directors of Asciano has decided unanimously to recommend the shareholders to accept this last offer.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
