A consortium led by Macquarie agrees to acquire Qube Holdings for $8.3 billion

The consortium led by Macquarie Asset Management will acquire Qube Holdings Ltd., in a deal valued at approximately AUD 11.7 billion (USD 8.3 billion), thereby adding another port and railway operator to this Australian company's extensive infrastructure portfolio. According to the announcement released on Monday, the consortium will acquire Qube at AUD 5.20 per share, representing a 28% premium over the latest closing price on November 21, prior to Macquarie’s initial acquisition proposal. Qube operates a network of transportation and trade, handling various goods and service businesses including grain and cottonseed exports, and employs around 10,000 people across Australia, New Zealand, and Southeast Asia. Macquarie Group’s asset management arm manages approximately AUD 736 billion in public and private assets, ranging from container terminals in New York to toll roads in South Korea.

Editor: Wang Yongsheng