Canada's Brookfield, Australia's Qube weigh joint Asciano bid

February 22, 2016 11:26 PM

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SYDNEY Consortiums led by Canada's Brookfield Asset Management Inc (BAMa.TO) and Australia's Qube Holdings (QUB.AX) are considering joining forces to bid for Asciano Ltd (AIO.AX), the Australian port and rail giant said on Tuesday.

A new deal would deliver a higher value to Asciano shareholders and speed up approval from the competition watchdog, the two bidding parties said in separate letters to the Asciano board.

Also read: Hong Kong CKI makes $5.4 billion bid for Australian energy Duet Group

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