Australia/NZ

March 16, 2016 |

Pacific National sold to international pension funds

FOLLOWING a nine month takeover battle, the board of Australian transport and logistics company Asciano has formally entered into a sale agreement with a consortium of Qube, Brookfield and several institutional investors for $A 9.28 ($US 6.93) cash per share.

March 15, 2016 |

Victoria expands Melbourne Metro train order

THE Victorian state government has increased its previously-announced initial order for high-capacity EMUs for Melbourne Metro commuter services from 37 to 65 seven-car sets.

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