You are here

Fight for Australia's Asciano intensifies with Qube's US$6.3b offer

Wednesday, November 11, 2015 - 05:50

Asciano, which has rail in every Australian state and stevedoring in 40 locations, is seen as a vulnerable takeover target because its earnings have been hit by a resources slowdown.


THE battle for Australian stevedoring and rail giant Asciano Ltd escalated on Tuesday after ports firm Qube Holdings Ltd made a US$6.3 billion offer that narrowly beats a rival bid and is expected to draw less concern from anti-trust regulators.

Qube, led by Chris Corrigan

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom