AIO asciano limited
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News: China Investment Corp joins rival bidder for Australia's Asciano

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    28/01/16
    09:30
    Post #: 16882114

    SYDNEY, Jan 28 (Reuters) - Australian port operator Qube Holdings Ltd (QUB) said the state-owned China Investment Corp [CIC.UL] joined its consortium as it made an A$8.9 billion offer for ports and rail giant Asciano Ltd (AIO).

    The A$9.17-per-share cash and shares offer beats a A$9.10 offer from Canada's Brookfield Asset Management Inc which Asciano has already said it supports.

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