Canadians Duel for $5.7 Billion Australian Port, Rail Firm

Two of Canada’s biggest investors are battling for control of Australian port and rail assets in a duel that threatens to scupper the biggest foreign takeover proposal in Australia this year. A group including Canada Pension Plan Investment Board bought a 19.99 percent stake in Melbourne-based Asciano Ltd. in an attempt to thwart an A$8.9 …
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Author: hellenicshippingnews

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