Asciano limited
(ASX:AIO) has revealed that Brookfield Infrastructure Partners has acquired 14.99 per cent of Asciano shares along with a further 4.3 per cent via way of an economic interest.
The deal will allow Brookfield to potentially block the Qube dive for the Patricks ports and rail assets following Qube’s move last week to take a 19.99 per cent stake in the logistics company.
Brookfield will offer Asciano shareholders a cash and scrip deal worth around $9.22 per share and has requested Asciano defer the Scheme Meeting scheduled for next week so it can finalise its offer.
Asciano reported a net profit of $380.6 million for the 2015 financial year.
