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 freight company that operates a logistics and global freight forwarding network spanning 150 countries, with over 20,000 customers. Toll has more than 16,000 workers across 500 sites. Toll Holdings Pty Limited ( ...

in 2007, and owned

Patrick Corporation Patrick Corporation is an Australian seaport operator with operations in Port of Brisbane, Brisbane, Fremantle Harbour, Fremantle, Port of Melbourne, Melbourne and Port Botany (seaport), Sydney. Formerly listed on the Australian Securities Exch ...

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, jointly owned by the Government of Australia, Federal, Governm ...

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 Brookfield Infrastructure Partners L.P. is a publicly traded limited partnership with corporate headquarters in Toronto, Canada, that engages in the acquisition and management of infrastructure assets on a global basis. Until a spin-off in Janua ...

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 Group, Toll Holdings, Chris Corrigan and some executives departed and teamed with Kapl ...

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 Foreign Investment Review Board (FIRB) is a non statutory body established in 1976 to advise thTreasurerand the Australian Government The Australian Government, also known as the Commonwealth Government or simply as the federal governme ...

announcing that it had no objections for the offer on 27 July 2016. The scheme implementation date was set on 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, LLC (GIP) is an American infrastructure investment fund making equity and selected debt investments across markets worldwide. GIP's main headquarters are located in New York City and its equity investments are bas ...

CPP Investment Board The Canada Pension Plan Investment Board (CPPIB; ), operating as CPP Investments (), is a Canadian Crown corporation established by way of the 1997 ''Canada Pension Plan Investment Board Act'' to oversee and invest the funds contributed to and h ...

China Investment Corporation China Investment Corporation (CIC) is a sovereign wealth fund that manages part of China's foreign exchange reserves. China's largest sovereign fund, CIC was established in 2007 with about US$200 billion of assets under management. In Mar ...

GIC GIC may refer to: Education * Ghana Insurance College, in Accra, Ghana * Government Intermediate College, a type of school in India * Grait International College in Nigeria * Gyosei International College in the U.K., defunct Finance * General ...

and

British Columbia Investment Management Corporation British Columbia Investment Management Corporation which uses the trade name BCI, is a Canadian company established by way of the 1999 ''Public Sector Pension Plans Act'' to provide investment services to British Columbia’s public sector pensi ...

. 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, British Columbia Investment Management Corporation,

Qatar Investment Authority The Qatar Investment Authority (QIA; ) 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 November 2024, the QIA had an estimated $526 ...

, and Qube Holdings. * The Patrick Bulk and Automotive Port Services business became owned by Brookfield Infrastructure Partners, GIC, 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 Limited, Asciano was broken up in August 2016. A group ...

References

{{Reflist

External links

Official website
Companies based in Melbourne Companies formerly listed on the Australian Securities Exchange Transport companies of Australia Transport companies established in 2007 Transport companies disestablished in 2016 2007 establishments in Australia 2016 disestablishments in Australia