A consortium comprising Qube Holdings Limited, Global Infrastructure Management, LLC, Canada Pension Plan Investment Board and CIC Capital Corporation - proposed acquisition of Asciano Limited

Acquirer(s)

  • The Consortium

Target(s)

  • Asciano Limited

Timeline

DateEvent
13/11/2015ACCC commenced review under the Merger Process Guidelines.
02/12/2015Former closing date for interested party submissions of 9 December 2015 delayed pending clarification about the transaction structure.
07/12/2015ACCC received further information from the Consortium, closing date for submissions from interested parties updated to 18 December 2015 and proposed decision date updated to 18 February 2016.
18/12/2015Closing date for submissions from interested parties.
05/02/2016ACCC received further information from the Consortium, proposed decision date updated to 24 March 2016.
23/02/2016Asciano announced a potential acquisition by a consortium including both Qube and Brookfield Infrastructure Partners. ACCC timeline suspended.
30/03/2016Following an announcement by Asciano that it had entered into a new binding agreement with Brookfield, Qube and others, the ACCC discontinued this review. The ACCC commenced a review of the new joint proposal to acquire Asciano on 30 March 2016.