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 Corporation, Qatar 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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