Asciano Limited was an Australian freight logistics company, operating in railway freight and shipping. Asciano was demerged from

Toll Holdings The Toll Group is an Australian-based subsidiary of Japan Post Holdings with operations in transportation, warehousing and logistics in road, rail, sea and air. It has two divisions; Global Forwarding, Global Logistics. History In 1888, Al ...

in 2007, and owned

Patrick Corporation Patrick Corporation is an Australian seaport operator with operations in Brisbane, Fremantle, Melbourne and Sydney. Formerly listed on the Australian Securities Exchange, it is owned by Brookfield Asset Management and Qube Holdings. History ...

and

Pacific National Pacific National is one of Australia's largest rail freight businesses. History In February 2002, National Rail Corporation, National Rail's freight operations and rollingstock (owned by the Government of Australia, Federal, Government of New ...

as subsidiary companies. Asciano specialised in bulk and container shipping and transportation, with port and train operations across Australia. It had over 8,000 employees. It was an ASX 50 company. In June 2015, Brookfield Infrastructure Partners launched a takeover offer for the company, and

Qube Holdings Qube Holdings is a diversified logistics and infrastructure company in Australia. History In July 2006, following the takeover of Patrick Corporation by Toll Holdings, Chris Corrigan and some executives departed and teamed with Kaplan Funds Ma ...

later made a counter offer. The offers had attracted the attention of the

Australian Competition & Consumer Commission The Australian Competition and Consumer Commission (ACCC) is the chief competition regulator of the Government of Australia, located within the Department of the Treasury. It was established in 1995 with the amalgamation of the Australian Tra ...

, with both already owning transport and port operations in Australia. On 3 June 2016, shareholders of Asciano voted in favour of the takeover bid with the

Foreign Investment Review Board The Australian Foreign Investment Review Board (FIRB), "examines proposals by foreign persons to invest in Australia and makes recommendations to the Treasurer on those subject to the Foreign Acquisitions and Takeovers Act 1975 and Australia's for ...

announcing that it had no objections for the offer on 27 July 2016. The scheme implementation date was set on Friday 19 August 2016 where payment of the Scheme consideration took place and the transaction was to be completed. After this date the assets of Asciano were to be divided as below. * Asciano, including the Pacific National business became owned by ''Australian Logistics Acquisition Investments Pty Limited'', a consortium of

Global Infrastructure Partners Global Infrastructure Partners (GIP) is an infrastructure investment fund making equity and selected debt investments. GIP's main headquarters are located in New York City and its equity investments are based on infrastructure assets in the energ ...

CPP Investment Board The Canada Pension Plan Investment Board (CPPIB; french: Office d'investissement du régime de pensions du Canada), operating as CPP Investments (french: Investissements RPC), is a Canadian Crown corporation established by way of the 1997 ''Cana ...

China Investment Corporation China Investment Corporation (CIC) (Chinese: 中国投资有限责任公司; pinyin: ''zhōngguó tóuzī yǒuxiàn zérèn gōngsī'') is a sovereign wealth fund that manages part of the People's Republic of China's foreign exchange reserves. C ...

GIC Private Limited GIC Private Limited is a sovereign wealth fund in Singapore that manages its foreign reserves. Established by the Government of Singapore in 1981 as the Government of Singapore Investment Corporation, its mission is to preserve and enhance the ...

and British Columbia Investment Management Corporation. The transfer was completed on 19 August 2016. * The Patrick Container Terminals business became owned by the ''Ports HoldCo'' joint venture which is controlled by Brookfield Infrastructure Partners, GIC Private Limited, British Columbia Investment Management Corporation,

Qatar Investment Authority The Qatar Investment Authority (QIA; ar, جهاز قطر للإستثمار) is Qatar's sovereign wealth fund. The QIA was founded by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes. In 2021 ...

, and Qube Holdings. * The Patrick Bulk and Automotive Port Services business became owned by Brookfield Infrastructure Partners, GIC Private Limited, British Columbia Investment Management Corporation, and Qatar Investment Authority, changing its name to

Linx Cargo Care Group Linx Cargo Care Group is a transportation and logistics company in Australia and New Zealand – headquartered in Sydney. History Linx Cargo Care Group was founded in August 2016 when Asciano was broken up in August 2016. The Patrick Bulk and ...

References

{{Reflist

External links

Official website
Companies based in Melbourne Holding companies of Australia Transport companies of Australia Transport companies established in 2007 Transport companies disestablished in 2016 2007 establishments in Australia 2016 disestablishments in Australia