Asciano chief executive John Mullen has backed a binding $9.05 billion joint takeover agreement from persistent suitors Qube and Brookfield Infrastructure, claiming it will strengthen Australia's rail and ports infrastructure.
Asciano's board on Tuesday recommended a formal takeover bid worth $9.28 per share from Qube, Canada's Brookfield and six international investment funds, bringing to an end a nine-month takeover battle for the company.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Bluesky: @jennywiggins.bsky.social Email Jenny at jwiggins@afr.com
