China Investment Corp joins rival bidder for Australia's Asciano

Wed Jan 27, 2016 5:30pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

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)