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News: Australia's Qube requests trading halt ahead of acquisition news

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    15/03/16
    09:03
    Post #: 17274294

    SYDNEY, March 15 (Reuters) - Australian ports and logistics operator Qube Holdings Ltd (QUB), a bidder for larger rival Asciano Ltd (AIO), requested on Tuesday a trading halt on the stock exchange.

    Qube said it will have a significant announcement to make in relation to an acquisition and capital raising.

    Last month Qube said it had entered talks with Canada's Brookfield Asset Management Inc with a view to a A$9 billion ($6.7 billion) takeover of Asciano Ltd (AIO).

    ($1 = 1.3323 Australian dollars)

    (([email protected]; +61 2 9321-8177; Reuters Messaging: [email protected]))

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