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Canadian Brookfield Asset Management gets a bargain deal at $6.6 billion for Australian freight firm Asciano

Canadian Brookfield Asset Management firm is buying Australian port and rail freight firm Asciano for $6.6 billion to form global logistics player. Brookfield is picking up an asset, at a time when it’s been made cheaper by a slump in coal prices. The deal which is the largest purchase of an Australian firm by an overseas company and the biggest acquisition by a Canadian firm in that country underlines the big international interest for Australian infrastructure. It also casts a vote of confidence in the long-term future of the Australian coal industry, which is expected to defy global pressure on high polluting energy sources and grow exports in the years ahead.


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