The Macquarie Group Ltd. logo is displayed on the facade of the Macquarie Group Building on Friday, April 27, 2012 in Sydney, Australia.
Ian Waldie | Bloomberg via Getty Images
Shares in Australian ports and logistics company Cube Holdings soared to record highs on Monday after the company agreed to be acquired by a consortium led by Macquarie Asset Management for an enterprise value of about A$11.7 billion (about $8.26 billion).
cube holdings It rose 3.6% to over A$5.
The offer represents a 27.8% premium to Qube’s last closing price of A$4.07 on November 21, the last trading day before the company announced it had entered into an exclusive transaction process, Qube said in a statement.
Qube Holdings stock price soars to record high
The transaction is structured as an all-cash offer of A$5.20 per share to non-UniSuper public shareholders who hold approximately 15% of Qube shares and will transfer their shares to the new ownership structure.
The consortium is led by Macquarie Asset Management and includes Unisuper and Pontegadea, the investment company of Spanish billionaire and Zara founder Amancio Ortega.
“This scheme consideration has delivered a significant premium to the pre-announcement share price, reflecting the strength of the business today and the strong growth prospects that Qube enjoys,” Qube Chairman John Bevan said.
Qube is a leading Australian logistics and infrastructure group with operations across Australia, South East Asia and New Zealand. Its network handles a wide range of freight services, including the export of bulk goods. The company employs approximately 10,000 people.
The deal is expected to be presented to shareholders around June 2026 and is subject to regulatory approvals including Australia’s Foreign Investment Review Board, the Australian Competition and Consumer Commission, New Zealand’s Overseas Investment Authority and Papua New Guinea’s Competition Regulatory Authority.
If the acquisition is delayed beyond 15 December 2026, the consortium will pay an additional 2 Australian cents per share per month until completion.
Macquarie Asset Management currently manages approximately A$720 billion of assets globally across public and private markets, with portfolio companies spanning the infrastructure, real estate and green investment sectors.
