Brambles in takeover spotlight

Speculation that Brambles is a takeover target is re-ignited as infrastructure newcomer Asciano buys a sizable stake in the business.

Rumours that the worldÆs largest pallet management company Brambles is ripe for takeover were running hot yesterday as the new Toll HoldingsÆ spin-off, Asciano Group, confirmed that it had bought a 1.76% stake in Brambles through the public markets.

At the same time, Brambles also confirmed that Toll Holdings had bought about five million shares, or just under 0.5% of the business.

The shareholdings were uncovered by Brambles during a routine check of the underlying beneficial owners of its shares....

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: brambles | australia | asciano | citigroup | macquarie

Print Edition

FinanceAsia Print Edition