A consortium led by the Australian logistics company Qube Holdings Ltd has announced that it bought a 19.99% stake in port operator Asciano Limited only a few months after Brookfield Infrastructure announced US$6.6bn deal to acquire it.
The Sydney-based Qube purchased the shares with the support of the infrastructure investor Global Infrastructure Partners (GIP) and global investment management organization Canada Pension Plan Investment Board (CPPIB) as co-investors.
The company, which funded a 6.3% interest in Asciano, said that it entered into this transaction to participate in the decision of the ownership of the port operator’s Australian terminal assets.
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