Port Botany in New South Wales is home to one Patrick’s container terminals © nswportsbotany.com.au
Port Botany in New South Wales is home to one Patrick’s container terminals © nswportsbotany.com.au

AUS$3bn port and logistics deal gets go-ahead

25 July 2016

Australia’s competitions watchdog has approved the purchase of port and logistics company Asciano by a consortium of companies.

The consortium includes Australian logistics company Qube Holdings, asset manager Brookfield Infrastructure Partners, the British Columbia Investment Management CorporationQatar Investment Authority and global investment firm GIC.

This is despite initial concerns raised by the Australian Competition and Consumer Commission (ACCC) over an existing relationship between one of Asciano’s subsidiaries and another logistics company. 

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