Asciano Surges After Brookfield Moves to Fend Off Challenge

  • Brookfield buys 14.9% Asciano stake, has further 4.3% interest
  • Rival group had sought to carve up Asciano's rail, port assets

Asciano Ltd. jumped to the highest in seven years in Sydney trading, after Brookfield Infrastructure Partners moved to fend off a challenge to its acquisition of the Australian rail and port operator.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.