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Asciano CEO gets 72.3 per cent pay rise, pockets $8m
At the same time the company’s profit slid by 24 per cent, Asciano CEO John Mullen has been paid just over $8.18m for 2016 – that’s an increase of a whopping 72.3 per cent on the previous year. Company […] Read More »
Asciano’s profit down as takeover takes effect
Asciano’s profit in its last year of operation as an independent company tumbled by 24 per cent, according to reports in The Australian. The revelations come just after the $9 billion takeover by Qube Holdings and […] Read More »
Asciano takeover on hold again
It looks as though the takeover of Asciano will have to wait another month at least, with the Australian Consumer and Competition Commission (ACCC) expected reveal new concerns about elements of the bid. The joint […] Read More »
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 […] Read More »
Secretary’s wrap
Could we be finally be nearing the end of the Asciano sale back and forth? The latest news is that Qube and Brookfield have agreed to divvy-up the assets, meaning the end of the saga […] Read More »
Is the Asciano sale nearing an end?
The Asciano debacle has taken yet another turn, with Qube and Brookfield agreeing to divvy-up Asciano – potentially meaning the seemingly never-ending back and forth bidding war may soon be over. The proposed deal would […] Read More »
Qube and Brookfield teaming up?
The Asciano/QUBE/Brookfield love triangle is continuing. After last week announcing that they were going with the Qube Consortium’s bid, the Asciano Board has this week indicated that Qube and Brookfield have now decided to team […] Read More »
Secretary’s wrap
There’s never a dull moment in the Loco Division. The Sydney Trains reform process is still a major process, with delegates meeting regularly to discuss the process and the best ways forward. A tour to […] Read More »
Further twists in Asciano sale
There’s been yet another twist on the ongoing debate around the sale of Asciano, with QUBE Holdings putting in a $9 billion takeover offer. Brookfield (a Canadian company which had already put in an offer), […] Read More »
Secretary’s wrap
The discussions about Sydney Trains reform aren’t going away anytime soon. We’ve been in further discussions with the company recently, and you can see all the updates on that here on the website. We may […] Read More »
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