Brookfield, Qube Join Forces in A$9.1 Billion Asciano Bid

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  • Deal ends months of dueling for Australian rail, port operator
  • Groups plan to carve up assets to avoid competition concerns

Former rival groups led by Brookfield Asset Management Inc. and Qube Holdings Ltd. joined forces to buy Asciano Ltd. in a deal valuing the Australian port and rail operator at A$9.05 billion ($6.8 billion).

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