Asciano Limited

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Asciano Limited
Public
Traded as ASXAIO
Industry Transport, Logistics, Stevedoring and Rail transport
Founded 2007
Headquarters 476 St Kilda Road, Melbourne Australia
Key people
Malcolm Broomhead, Chairman
John Mullen, CEO
Roger Burrows, CFO
Subsidiaries Pacific National
Patrick Corporation
Website www.asciano.com.au

Asciano Limited is an Australian freight logistics company, operating in railway freight and shipping. Asciano was demerged from Toll Holdings in 2007, and owns Patrick Corporation and Pacific National as subsidiary companies. Asciano specialises in bulk and container shipping and transportation, with port and train operations across Australia. It has over 8,000 employees. It is an ASX 50 company.[1]

In June 2015, Brookfield Infrastructure Partners launched a takeover offer for the company, but Qube Holdings since made a counter offer. The offers have attracted the attention of the Australian Competition and Consumer Commission, with both already owning transport and port operations in Australia.[2][3]

On 3 June 2016, shareholders of Asciano voted in favour of the takeover bid with the Foreign Investment Review Board announcing that it had no objections for the offer on 27 July 2016. The scheme implementation date is set on Friday 19 August 2016 where payment of the Scheme consideration will take place and the transaction will be completed. After this date the assets of Asciano will be divided as below. [4][5]

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