ACCC raises further concerns about Asciano takeover

There’s been yet another twist in the Asciano takeover bid saga.

The competition watchdog has now stepped in and questioned the commercial relationships between Qube, Brookfield Infrastructure and the six international investment funds behind the current joint takeover bid of Asciano.

The new questions relate to cross-ownership stakes between some of the consortium partners.

The Asciano board has recommended that investors accept a $9.05 billion joint bid being led by Qube and Brookfield.

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