News: Asciano asset hunt

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Freight and ports operator Asciano Limited (ASX:AIO) is making no secret of the fact it’s in the market for new strategic acquisitions.



In an interview, Asciano chief John Mullen described businesses worth up to $200 million as potential targets.



He also ruled out betting the farm on any one purchase.



He also warned Australia risks pricing itself out of the domestic market,  under the current Federal industrial relations regime.



Asciano last reported a net profit of $200 million to December 31st.