Consortium comprising Brookfield, Qube & Others - proposed acquisition of Asciano Limited

Acquirer(s)

  • consortium comprising Brookfield and Qube and others

Target(s)

  • Asciano Limited

Summary

A consortium comprising Qube Holdings Limited, Brookfield Infrastructure Partners Limited, Global Infrastructure Management Australia Pty Ltd, Canada Pension Plan Investment Board, CIC Capital Corporation, bcIMC Nitro Trustee Inc., GIC Private Limited, and Qatar Investment Authority (collectively, the Consortium) proposes to acquire Asciano Limited (Asciano).

Market definition

Please refer to the Public Competition Assessment.

Competition analysis

Please refer to the Public Competition Assessment.

Statement of issues

Document title Date

Public competition assessment

Document title Date

Timeline

DateEvent
30/03/2016ACCC commenced review under the Merger Process Guidelines.
18/04/2016Closing date for submissions from interested parties. ACCC assessing information provided during market inquiries and consulting with merger parties on relevant issues or concerns arising.
26/05/2016ACCC published a Statement of Issues outlining preliminary competition concerns.
10/06/2016Closing date for submissions relating to Statement of Issues.
21/07/2016ACCC announced it would not oppose the proposed acquisition.