January 27, 2016 / 10:31 PM / 2 years ago

China Investment Corp joins rival bidder for Australia's Asciano

1 Min Read

SYDNEY, Jan 28 (Reuters) - Australian port operator Qube Holdings Ltd said the state-owned China Investment Corp joined its consortium as it made an A$8.9 billion offer for ports and rail giant Asciano Ltd.

The A$9.17-per-share cash and shares offer beats a A$9.10 offer from Canada's Brookfield Asset Management Inc which Asciano has already said it supports. (Reporting by Byron Kaye)

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