News: AIO Australia's Qube raises Asciano approach to $6.4 bln, trumping Brookfield

SYDNEY, Feb 8 (Reuters) - Australia's Qube Holdings Ltd (QUB) said it raised its proposed takeover bid for port and rail operator Asciano Ltd (AIO) to A$9 billion ($6.4 billion) and that the target prefers its approach to that of Brookfield Asset Management Inc BAMa.TO .

In a statement to the Australian Securities Exchange on Monday, freight terminal operator Qube said its investment consortium lifted its cash and shares indicative offer for Asciano to A$9.24 per share, higher than both its previous A$9.17 approach and Canadian Brookfield's A$9.10.

"The Asciano Board has determined that the Qube Consortium's Revised Proposal is a superior proposal," Qube said.

($1 = 1.4142 Australian dollars)