$12bn Asciano takeover held up by the ACCC

THE ACCC will take another two months to assess the impact of what would be the biggest logistics deal in Australian corporate history.

The ACCC has raised concerns about the proposed takeover of Asciano by Brookfield Infrastructure.

THE competition watchdog has raised concerns about the proposed $12 billion takeover of Asciano by Brookfield Infrastructure will reduce competition.

THE Australian Competition and Consumer Commission said the massive takeover could lead to rail haulage in Western Australia and Queensland being dominated by the Canadian transport and utilities giant.