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Carlyle, TPG Submit Bids for Asciano

Posted on: June 9, 2009 by PEHub AdministratorNo Comments »

SYDNEY (Reuters) – Australian rail and ports operator Asciano Ltd (AIO.AX) has received four final bids, including proposals from private equity group Carlyle Group CYL.UL, to either buy the whole company or its assets, two sources briefed about the process told Reuters on Tuesday. Asciano, which has A$4.6 billion ($3.6 billion) in bank debt, has [...]

Queensland Port, Rail Sale Could Impact Asciano Auction

Posted on: June 4, 2009 by PEHub AdministratorNo Comments »

MELBOURNE (Reuters) – Up-for-sale Australian rail and ports operator Asciano Group Ltd (AIO.AX) may find bids trimmed this week after the state of Queensland said it was going to sell almost $10 billion worth of rival assets. The state government said this week it was going to sell five assets over the next three to [...]

Four Parties Looking at Asciano

Posted on: May 10, 2009 by PEHub AdministratorNo Comments »

MELBOURNE (Reuters) – Debt-laden Australian ports operator Asciano Group Ltd (AIO.AX) said on Monday four parties were in talks to bid for the whole group, but warned that any offer might not be pitched above its share price. “It should not be assumed that any of these discussions will result in a transaction or that [...]

PE Firms Offer To Buy Asciano Notes

Posted on: November 4, 2008 by PEHub AdministratorNo Comments »

SYDNEY (Reuters) – Private equity firms TPG and Global Infrastructure Partners have offered to buy more than A$1 billion ($680 million) of convertible notes in Australian ports operator Asciano Ltd (AIO.AX: Quote, Profile, Research, Stock Buzz), the Australian Financial Review newspaper said on Tuesday. Without citing sources, the paper said Asciano, which needs the money [...]