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FINANCIAL NEWS
Canada plans USD 6.4bn bid for Australian port with Qatar’s fund
17 Feb 2016
(MENAFN) Canada’s Brookfield Asset Management intends a fresh USD 6.4bn bid for Australian port and trail firm “ASciano” with Qatar’s fund, spreading the Intl’ battle for heavyweight.
The goal of Brookfield to fund its offer and Qatar Investment Authority’s (QIA) as a potential co-investor underscore the huge appetite for Australian infrastructure.
Moreover, Asciano which had a market capitalization of USD 4.3bn a year earlier, proclaimed that it was removing Brookfield’s main bid of USD 6.3bn.
In addition, the Canadian infrastructure investor would join the Qataris and Canadian pension fund PSP Investments and raise its offer.
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