Asciano’s assets still have a golden glow: Setchell

INVESTMENT groups missed a “golden opportunity” to buy Asciano’s port and rail assets when the company’s financial troubles almost sank it in 2008, according to container terminal veteran Captain Richard Setchell.

The former head of P&O Ports said that while he would not comment on share price fluctuations or the business strategy adopted by Asciano in the three years it has owned Patrick and Pacific National, the assets were “tremendous”.
“They’re...

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