Brookfield to buy 19.2% in Australia's Asciano, to launch formal takeover offer

Brookfield to buy 19.2% in Australia's Asciano, to launch formal takeover offer

Brookfield Infrastructure Chief Executive Sam Pollock (R) smiles as he speaks with Asciano Ltd Chief Executive Officer (CEO) John Mullen during a media conference in Sydney, Australia, August 18, 2015. REUTERS/David Gray

Canada’s Brookfield Asset Management Inc said it bought a 19.2 percent stake of Asciano Ltd, matching a rival suitor’s stake for the Australian ports and rail giant and upping the bid competition for the $6.5 billion target.

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