Mr.
Andrew Willis reports
BROOKFIELD INFRASTRUCTURE PROVIDES UPDATE ON ASCIANO
The Australian Competition and Consumer Commission (ACCC) has determined not to accept Brookfield Infrastructure Partners LP's proposed undertakings, which were previously submitted in connection with Brookfield Infrastructure's acquisition of Asciano Ltd. Notwithstanding this interim decision, the ACCC has expressly indicated that it has not formed a final view on the transaction, which it has reserved until Dec. 17, 2015.
Brookfield Infrastructure, in consultation with Asciano, is assessing the ACCC's announcement and evaluating the variety of available alternatives for addressing those issues that the ACCC has determined cannot be resolved through undertakings relating to conduct alone, including the provision of new structural undertakings. Brookfield Infrastructure remains committed to working co-operatively with the ACCC in seeking to secure preclearance of its proposed transaction, which is the only proposal capable of acceptance by Asciano's shareholders.
We seek Safe Harbor.
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