Feb 23 (Reuters) - Qube Holdings Ltd (QUB) : Asciano ltd - Qube...

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    Feb 23 (Reuters) - Qube Holdings Ltd (QUB) :

    • Asciano ltd - Qube consortium in discussions with Brookfield (AIO)
    • Qube would acquire patrick container terminals business in 50/50 joint venture with Brookfield and other members of Brookfield consortium for $2,915 million
    • Brookfield infrastructure and members of the Brookfield consortium would acquire the bulk & automotive ports services businesses
    • As part of transaction, Qube would exit its existing Asciano shareholding at offer price, realising gross proceeds of around $569 million and a profit of around $35 million
    • Qube would have an option to subsequently acquire from Brookfield infrastructure the 50% interest in aat, subject to accc clearance
    • Gip, cppib, cic and certain members of Brookfield consortium other than Brookfield infrastructure would acquire the pacific national rail business
    • Contemplated consideration of $9.28 cash per Asciano share represents 39.5% premium to undisturbed trading price of Asciano shares of $6.65 on 30 June 2015
 
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