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BRIEF-Australian Competition and Consumer Commission set new indicative decision date of 24 March 2016 for proposed acquisitions of Asciano

Published 05/02/2016, 09:54 am
Updated 05/02/2016, 10:00 am
© Reuters.  BRIEF-Australian Competition and Consumer Commission set new indicative decision date of 24 March 2016 for proposed acquisitions of Asciano

Feb 5 (Reuters) - Australian Competition and Consumer Commission :

* ACCC - New timeline announced for proposed acquisitions of Asciano

* ACCC - New timeline for proposed acquisition of Asciano by consortium assembled by Brookfield Asset Management Inc that includes Brookfield Infrastructure Partners L.P

* ACCC - requires time to consult on Qube's transaction structure

* ACCC - "need to consider whether revised undertakings offered by Qube can be consulted on, and if so, time for that consultation to take place"

* ACCC - requires further time to consider issues raised by market participants about undertakings that offered by Brookfield

* ACCC - indicative decision dates for one or both matters may change again

* ACCC - requires further time consider further revisions of those undertakings offered last week by Brookfield

* ACCC - need to consult further with market participants about the proposed divestment of Asciano's Pacific National Intermodal rail operations

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