As flagged, a number of investors, led respectively by Qube Group and Brookfield Infrastructure, have unveiled a binding agreement to buy and divide Asciano.
The joint consortium is made up of those two firms, along with Global Infrastructure Management (GIP), Canada Pension Plan Investment Board (CPPIB), CIC Capital Corporation (CIC Capital), GIC Private Limited (GIC), British Columbia Investment Management Corporation (bcIMC) and Qatar Investment Authority (QIA).
Patrick Container Terminals, the prize Qube most values, is to be bought for $2.915 million in a 50-50 joint venture with Brookfield and its partners, GIC, bcIMC and QIA.
GIP, CPPIB, CIC Capital, GIC and bcIMC will gain the Pacific National rail business through a share arrangement with the lead pair.
Brookfield Infrastructure, GIC, bcIMC and QIA land the Bulk & Automotive Ports Services…