US EditionAustralia's Qube Agrees to $8.3 Billion Buyout From Macquarie-Led Consortium
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6 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…
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…
The Australian holding company Qube Holdings has accepted the offer presented by the consortium led by Macquarie Asset Management (MAM) in which the heritage company of Amancio Ortega, Pontegadea participates
The Australian logistics operator Qube Holdings has agreed to support the offer of the consortium led by Macquarie Asset Managemet and participated by Pontegadea, which values the company at 11.7 billion Australian dollars (about 6.9 billion euros) Read
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