UPDATE 1-Australia's Asciano says considering Brookfield's $7 bln approach

July 1, 2015 1:31 AM

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* Proposal is conditional and might not succeed, says Asciano (Adds details of takeover proposal)

SYDNEY, July 1 (Reuters) - Australian freight company Asciano Ltd said on Wednesday that it was in discussions with Canada's Brookfield Infrastructure Group after the Canadian firm made an informal approach to buy it for A$8.8 billion ($6.78 billion).

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