ACCC Asicano decision delayed

Company News


Asciano Limited (ASX:AIO) is still in a dance with suitors including a Qube Holdings Limited (ASX:QUB) consortium and a second consortium headed up by Brookfield Asset management. 
 
A decision date of 18th February had been set down by the ACCC however delays in the transaction structure of the Qube deal and issues raised by interested parties in the Brookfield deal has prompted the ACCC to set a new decision date of 24th March. 
 
The ACCC also added that this date have to be moved again in relation to one or both of the deals. 
 
Asiano reported a net profit of $360.8 million for the 2015 financial year.