Moving Qube to a Hold

The takeover of Asciano has finally been approved but this doesn't mean automatic wins for Qube in the long run.

The Australian Competition and Consumer Commission has said it won’t oppose the acquisition of Asciano by a consortium including Qube, Canadian investor Brookfield Infrastructure Partners and a number of investment funds. The ACCC believes that the transaction won’t lead to a "substantial lessening of competition" in the various port and rail markets affected.

Asciano’s assets will be split between various members of the consortium, with Qube gaining ownership of half of Asciano’s Patrick Container Terminals (‘Patrick’) business in a joint venture with Brookfield Infrastructure and its partners.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles