Brookfield buys near 15 pct stake in Asciano

November 5, 2015 8:29 AM

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SYDNEY Nov 5 Canada's Brookfield Asset Management Inc has purchased nearly 15 percent of Australian ports and rail operator Asciano Ltd as part of an agreed $6.5 billion takeover that has raised antitrust regulators' eyebrows, The Australian Financial Review (AFR) reported on Thursday.

The report comes just days after Asciano's domestic rival Qube Holdings Ltd and partners said they had bought a one-fifth stake in the target, and wanted to buy assets that may be up for grabs as the deal unfolds.

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