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BRIEF-Qube Holdings updates on discussions with Brookfield

Published 23/02/2016, 11:32 am
© Reuters.  BRIEF-Qube Holdings updates on discussions with Brookfield
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Feb 23 (Reuters) - Qube Holdings Ltd QUB.AX :

* Asciano ltd - Qube consortium in discussions with Brookfield AIO.AX

* Qube would acquire patrick container terminals business in 50/50 joint venture with Brookfield and other members of Brookfield consortium for $2,915 million

* Brookfield infrastructure and members of the Brookfield consortium would acquire the bulk & automotive ports services businesses

* As part of transaction, Qube would exit its existing Asciano shareholding at offer price, realising gross proceeds of around $569 million and a profit of around $35 million

* Qube would have an option to subsequently acquire from Brookfield infrastructure the 50% interest in aat, subject to accc clearance

* Gip, cppib, cic and certain members of Brookfield consortium other than Brookfield infrastructure would acquire the pacific national rail business

* Contemplated consideration of $9.28 cash per Asciano share represents 39.5% premium to undisturbed trading price of Asciano shares of $6.65 on 30 June 2015

* Source text for Eikon ID:nASX6d7RHD

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