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Qube confident Asciano takeover will proceed

Perry WilliamsSenior Reporter
Updated

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Logistics group Qube Holdings is confident the $9 billion takeover tilt for Asciano will proceed despite frustrations with regulatory delays and a legal battle over Asciano's ACFS joint venture.

Asciano chairman Malcolm Broomhead expects the long-winded deal to be completed by mid-August and suitor Qube said it is also confident of the transaction going through despite long delays.

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Perry Williams writes on business from our Sydney newsroom, specialising in gaming and resources. Connect with Perry on Twitter.

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    Original URL: https://www.afr.com/companies/infrastructure/qube-confident-asciano-takeover-will-proceed-20160615-gpjlo7