CONTAINER PORTS – AUSTRALIA

Corrigan swoops on Asciano

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Original article by Jenny Wiggins, Anthony Macdonald, Sarah Thompson
The Australian Financial Review – Page: 1 & 12 : 30-Oct-15

Brookfield Infrastructure Partners’ $A8.9bn takeover bid for Asciano has received a setback after Qube Holdings lifted its stake in the target from around five per cent to 19.9 per cent on 29 October 2015. Qube paid $A8.80 per share, compared with Asciano’s closing price of $A7.56. Qube has declined to comment on its intentions regarding Asciano, but it opposes the Brookfield bid and is believed to be planning to break up Asciano and retain its ports division.

CORPORATES
ASCIANO LIMITED – ASX AIO, QUBE HOLDINGS LIMITED – ASX QUB, BROOKFIELD INFRASTRUCTURE PARTNERS LP, PATRICK CORPORATION LIMITED, PACIFIC NATIONAL PTY LTD, UBS HOLDINGS PTY LTD, AURIZON HOLDINGS LIMITED – ASX AZJ, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, RBC CAPITAL MARKETS, CREDIT SUISSE (AUSTRALIA) LIMITED

Brookfield pressed on Asciano bid

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Original article by Perry Williams, Sarah Thompson, Anthony Macdonald
The Australian Financial Review – Page: 1 & 10 : 2-Jul-15

Australian-listed transport infrastructure group Asciano has advised that Canada’s Brookfield Asset Management made an indicative takeover offer on 26 June 2015. The $A9bn non-binding bid values the target at $A9.05 per share, but Jakov Males of UBS Global Asset Management believes that an offer of around $A10 per share would be more appropriate. The proposed takeover bid comprises a cash component and shares in Brookfield Infrastructure Partners.

CORPORATES
ASCIANO LIMITED – ASX AIO, BROOKFIELD ASSET MANAGEMENT INCORPORATED, BROOKFIELD INFRASTRUCTURE PARTNERS LP, UBS GLOBAL ASSET MANAGEMENT (AUSTRALIA) LIMITED, DEUTSCHE BANK AG, FIDELITY INVESTMENTS AUSTRALIA LIMITED, SABMILLER PLC, FOSTER’S GROUP LIMITED, TOLL HOLDINGS LIMITED, JAPAN POST COMPANY LIMITED, MULTIPLEX LIMITED, PACIFIC NATIONAL PTY LTD, PATRICK CORPORATION LIMITED, COLONIAL FIRST STATE GROUP LIMITED, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, GRESHAM PARTNERS LIMITED, CITIGROUP INCORPORATED

ACCC pushes for powers to intervene in ports rents row

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 15 : 16-Mar-15

Australian Competition & Consumer Commission (ACCC) chairman Rod Sims has proposed extending its powers to cover regulation of the nation’s ports. Sims has suggested that the ACCC could step in to resolve pricing disputes between port owners and stevedoring groups. Sims recently discussed the issue with DP World Australia CEO Paul Scurrah, who supports giving the ACCC a greater role in regulating ports but does not believe that full regulation is necessary

CORPORATES
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, DP WORLD AUSTRALIA PTY LTD, PORT OF MELBOURNE, INTERNATIONAL CONTAINER TERMINAL SERVICES INCORPORATED, AUSTRALIAN LOGISTICS COUNCIL, VICTORIA. ESSENTIAL SERVICES COMMISSION

DP World plots efficiency through automation

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 18 : 25-Feb-15

DP World’s global CEO Mohammed Sharaf has ruled out selling its 25 per cent stake in its Australian subsidiary. The group sold 75 per cent of DP World Australia to Citi Infrastructure Investors in 2010. Meanwhile, DP World Australia CEO Paul Scurrah says the group is working on a business case for automating its Sydney container port, following the automation of its terminal in Brisbane

CORPORATES
DP WORLD AUSTRALIA PTY LTD, DP WORLD, ASCIANO LIMITED – ASX AIO, PATRICK CORPORATION LIMITED, MARITIME UNION OF AUSTRALIA, AUSTRALIA. FAIR WORK COMMISSION, CITI INFRASTRUCTURE INVESTORS LLC