Subscribe to RSS feedAsciano streamlines corporate structure
by
Sineva Toevai
—
last modified
Jul 16, 2010 04:19 PM
AUSTRALIAN port and rail operator Asciano plans to simplify its corporate structure in a bid to attract a wider range of domestic and overseas investors.
The restructure, subject to regulatory and shareholder approvals, will see Asciano Finance investors exchange their stapled securities for shares in a newly-formed Asciano Ltd subsidiary called NewCo and then swap them for Asciano Ltd shares.
“The corporatisation proposal, if...
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