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BRIEF-Brookfield Infrastructure to buy Asciano for A$12 bln

Published 17/08/2015, 10:40 pm
© Reuters.  BRIEF-Brookfield Infrastructure to buy Asciano for A$12 bln

Aug 17 (Reuters) - Brookfield Infrastructure Partners LP BIP.N :

* Consortium to acquire Asciano Limited

* Deal for enterprise value of approx A$12 billion

* Asciano shareholders will receive, for each Asciano share held A$6.94 in cash

* Deal funded by assuming net debt of approximately A$3.1 billion, an

acquisition facility of A$1.9 billion

* Asciano shareholders to receive an implied value of approximately A$9.15 per

Asciano share

* Rpt-brookfield infrastructure partners lp bip.n says transaction has

received the unanimous support of the asciano board of directors

* If deal proceeds Asciano expects to pay special dividend of up to A$0.90 per

share before scheme implementation date

* Transaction expected to deliver accretive FFO and affo per unit

* Brookfield infrastructure partners -co investing about US$2.8 billion,

expects to hold ownership position of about 55% of Asciano upon completion of

deal

* As part of consideration paid to Asciano shareholders, Brookfield

Infrastructure will be issuing about 37.9 million bip units

* Says has received in-principle approval for a listing of its units on the asx

limited

* Elements combine to represent total implied value of A$9.15 per Asciano

share,made up of A$6.94 in cash,a$2.21 in bip units

* Rpt-brookfield infrastructure consortium to acquire asciano limited

* Source text for Eikon ID:nMKWl6MX4a

* Further company coverage BIP.N

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