Brookfield Infrastructure Group moves for Asciano

The US and Japan are moving much closer together as the US looks to move quickly to remove China as a supplier of infrastructure and other systems it deems as critical infrastructure and/or a cyber security risk.

Brookfield Asset Management has closed a new infrastructure fund after receiving $14 billion in equity commitments.

Asciano has recommended a revised offer for its port and rail assets, which will be split up and sold to consortia involving Qube and seven infrastructure investors and pension funds

Asciano’s two rival suitors are now in talks about a joint offer for its assets

After failing to receive a matching offer to Qube’s proposal, Asciano advises shareholders to reject Brookfield’s offer

Asciano has deemed a revised offer from Qube to be superior to Brookfield’s earlier proposal, triggering a bidding war for the Australian port and rail operator