DataRoom AM: Asciano's China charm

Asciano's Patrick ports business catches the eye of a Chinese power player but majority ownership is a sticking point, while details of Solomon Lew's original David Jones plans come to the surface.

Asciano could be the latest beneficiary of the surging interest in trade infrastructure assets, with a stake in its Patrick ports business firmly in the sights of a Chinese heavyweight -- but the deal could yet stall over who retains control of the company.

Elsewhere, details emerge of a failed bid by Solomon Lew for a 50 per cent share in David Jones, GE mulls a local power plant sale and ING Direct tests interest in a $1.6 billion loan book.



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