Asciano Limited -- Moody's: No immediate impact on Asciano's ratings following announcement

Sydney, July 01, 2015 -- Moody's Investors Service notes today's announcement by Asciano Limited, rated Baa2 stable, that it has received a confidential, indicative, non-binding, and conditional proposal from Brookfield Infrastructure Group (unrated) to acquire Asciano at an implied value of AUD9.05 per share. The consideration payable under the proposal would comprise a combination of cash and units in Brookfield's listed infrastructure fund, Brookfield Infrastructure Partners L.P. The Board of Asciano has concluded that it will engage further with Brookfield Infrastructure on an exclusive basis to progress the proposal.

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