Australian regulator dismisses Brookfield's promises in $6.5 bln rail and port bid

November 25, 2015 10:37 PM

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SYDNEY Nov 26 Australia's competition regulator said it rejected undertakings by Canadian infrastructure giant Brookfield Asset Management Inc meant to address antitrust concerns over its A$9 billion ($6.53 billion) bid for port and rail giant Asciano Ltd.

In a statement on Thursday, the Australian Competition and Consumer Commission said Brookfield made "long term behavioural undertakings" to assuage its concerns that the deal would give Brookfield both the railways and freight trains in some locations.

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