19:05:58 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Brookfield Infrastructure Partners LP
Symbol BIP
Shares Issued 162,258,430
Close 2015-11-25 C$ 55.59
Market Cap C$ 9,019,946,124
Recent Sedar Documents

Brookfield Infra gets interim rejection of Asciano bid

2015-11-25 20:41 ET - News Release

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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