Australasian logistics group Qube Holdings has accepted a takeover offer from a consortium led by Macquarie Asset Management (MAM), valuing the company at A$11.7bn (€7bn).
Qube accepted the MAM offer after its largest shareholder, UniSuper, agreed to roll its 15.07% stake in Qube into the MAM consortium at a similar offer price of A$5.20 per share.
The offer price represents a 27.8% premium to the last closing share price of Qube of A$4.07 per share on 21 November 2025, the date MAM first submitted the proposal.
The consortium members include MAM-managed funds and co-investors, including UniSuper and Luxemburg-based asset manager Pontegadea.
ASX-listed Qube is a provider of integrated import and export logistics, operating at more than 200 locations in Australia, New Zealand and Southeast Asia.
Ben Way, head of Macquarie Asset Management, said: “We believe Qube exemplifies this approach and will work to deliver positive outcomes for its customers and our clients and partners.”
Ani Satchcroft, MAM co-head of Infrastructure for Asia Pacific, said: “Population growth, increasing demand for goods and services, and strengthening sovereign capabilities are driving the importance of robust and resilient supply chains in Australia and across the Asia Pacific region.”
John Pearce, CIO at UniSuper, said: “Investing in Qube is ultimately a bet on Australia, so we are delighted to continue as a significant shareholder.”
Roberto Cibeira Moreiras, CEO, Pontegadea, said: “We are very pleased to expand Pontegadea’s global investment portfolio into Australia. This transaction represents a further step for Pontegadea’s global strategy of investment diversification specifically targeting high quality assets such as Qube and strengthens our commitment to invest in innovative infrastructure.”
Qube chairman John Bevan said: “The Qube board of directors has carefully considered the terms of the proposal and is unanimous in its recommendation to Qube shareholders.”
Paul Digney, Qube managing director, said: “MAM’s offer underscores the value that has been created through our strategy for growth, the quality of our business, leadership team and people and the strength of our safety culture.
“Since inception, Qube has achieved significant growth and diversification across markets and geographies.”
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