RPT-QUBE takes near 20 pct stake in Asciano, eyes Brookfield block

October 29, 2015 9:12 PM

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MELBOURNE Oct 29 (Reuters) - Australia's Qube Holdings Ltd , a logistics services provider, has taken a near 20 percent stake in freight firm Asciano Ltd, potentially blocking a bid from a large Canadian rival, a source familiar with the transaction said on Thursday.

"(QUBE has) acquired just short of 20 percent of Asciano," the source told Reuters, adding that the new stakeholder intended to vote against the proposed takeover.

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