UPDATE 4-Brookfield in $6.5 bln deal for Australian freight firm Asciano

Mon Aug 17, 2015 6:56pm EDT
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* Cash-and-stock offer valued at A$9.15 per share

* Offer at 13 percent premium to Asciano's last price

* Latest offer higher than Brookfield's previous bid

* Brookfield Infra shares fall as much as 7 percent (Updates throughout, includes Asciano profit)

By Byron Kaye and Sneha Banerjee

Aug 18 (Reuters) - A group led by Canada's Brookfield Asset Management will buy Australian logistics firm Asciano Ltd for A$8.9 billion ($6.56 billion), creating a global port and rail freight business.

The deal, the fifth-largest buyout of an Australian firm by an overseas entity and the biggest by a Canadian firm, underscores the huge international appetite for Australian infrastructure.

Brookfield and Asciano confirmed the sweetened deal as Asciano beat analyst expectations with a 19 percent jump in underlying net profit for the year to June 30 due to the benefits of a A$3 billion equipment overhaul.

Asciano said in July that Brookfield made an indicative offer of A$9.05 per share but on Tuesday said Brookfield upped its offer price to A$9.15 per share, giving it a market capitalisation of A$8.9 billion and an enterprise value of A$12 billion.   Continued...