Bidding battle for Australia port & rail group Asciano

The offer for Asciano took an interesting turn with Asciano’s board endorsing of the Qube higher offer at A$9.05 billion. (A $9.24 per share) on 9 Feb 2016.

Brookfield infrastructure Partners will be forced and put into its matching rights  or give up the bidding war.

The Canadian Brookfield has already indicated on 7 Feb to Asciano that it is prepared to raise its cash and stock offer, probably to A$9.28 per share.

We probably will see some interesting port mergers news from down under soon.

Let’s keep watch.

Interesting to see CIC, GIC, Canadian Pensions Fund, probably even Qatar Investment Authority all taking their bets on Aussie port assets.

CIC declaration of interest in Aussie rail assets put all into focus of Chinese money and Chinese rail coming to Australia. Part of that ONE BELT ONE ROAD?

In the mist of all these mixed news from the port sector, lots more acquisitions are made possible.