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Macquarie Agrees to Buy Australian Ports and Logistics Company Qube
9 Articles
9 Articles
Australia's Qube agrees to $8.3 billion buyout from Macquarie-led consortium
AUSTRALIA’s Qube Holdings on Monday agreed to an A$11.7 billion ($8.26 billion) buyout offer from a consortium led by Macquarie Asset Management (MAM), sending shares in the logistics group to a record high.
Amancio Ortega already has one foot in Australia. The management of the Australian holding company Qube has accepted the offer presented by the investment group led by the Macquarie fund with the participation of Pontegadea - the equity company of the founder of Inditex- to buy 100% of the capital of the logistic operator. The agreement has been closed at a price of 5.2 Australian dollars in cash per share that value the operation, including deb…
Qube Holdings (ASX:QUB) Agrees to A$11.7bn Macquarie Takeover
Qube Holdings M&A: What the Macquarie Bid Means Qube Holdings (ASX: QUB) hit a record high on Monday after signing a binding deal with a Macquarie Asset Management-led consortium at A$5.20 per share, valuing Australia’s largest integrated logistics provider at roughly A$11.7 billion. The offer is a 27.8% premium to Qube’s pre-approach price and marks…
Qube Holdings supports the offer of the consortium led by Macquarie Asset Management and participated by Pontegadea and UniSuper, which values the logistics operator at 11,700 million Australian dollars.
Far from Zara’s shop windows and the focus of the textile sector, Ortega continues to consolidate a strategy that has been moving away from cotton for years and approaches concrete, logistics and energy. His investment arm, Pontegadea, has concluded an agreement with the Australian financial giant Macquarie Group to acquire the operator [...] The Amancio Ortega ticket marks the direction of the Spanish capital towards Asia-Pacific with a million…
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