STEVEDORING – 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

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

DP World avoids WA port lockout

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Original article by Lucille Keen
The Australian Financial Review – Page: 8 : 31-Jul-14

DP World has decided not to lock out more than 200 members of the Maritime Union of Australia, who will now be able to attend a stopwork meeting on 31 July 2014. The stevedoring group and the union are engaged in a dispute over the new enterprise bargaining agreement. The union intends to exert pressure on the company by announcing a four-hour stopwork and work bans. The two parties will meet again on 1 August

CORPORATES
DP WORLD AUSTRALIA PTY LTD, MARITIME UNION OF AUSTRALIA, FREMANTLE PORTS, PATRICK CORPORATION LIMITED, ASCIANO LIMITED – ASX AIO, HUTCHISON WHAMPOA LIMITED, MERMAID MARINE AUSTRALIA LIMITED – ASX MRM, WESTERN AUSTRALIA. DEPT OF TRANSPORT, K LINE (JAPAN) LIMITED

Hutchison in bid to end ports duopoly

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Original article by Bridget Carter
The Australian – Page: 18 : 25-Jul-14

Stephen Gumley, CEO in Australia for Hutchison Ports, on 24 July 2014 launched its new container terminal at Port Botany in Sydney. He also said the stevedoring group would seek to win a new ally in the shape of International Container Terminal Services (ICTS), to create increased competition for the current effective duopoly in the sector of Asciano-owned Patrick and DP World Australia. ICTS will open a facility at the Port of Melbourne after 2015. It is based in the Philippines and Hutchison in Hong Kong

CORPORATES
ASCIANO LIMITED – ASX AIO|HUTCHISON PORTS AUSTRALIA PTY LTD|PORT OF MELBOURNE CORPORATION PTY LTD|INTERNATIONAL CONTAINER TERMINAL SERVICES INCORPORATED|PATRICK CORPORATION LIMITED|DP WORLD AUSTRALIA PTY LTD|PORT BOTANY