Asciano Group (AIO)

Shares / Stock Code

AIO

Stock Exchange / Sharemarket

Australian Securities Exchange

Asciano Group (AIO) is Australia's leading infrastructure owner, with its principal activities focused on transport infrastructure, consisting of ports and rail assets, and related operations and services. Asciano Group listed on Australian Stock Exchange on 6th of June 2007. Asciano portfolio is a combination of the Pacific National and Patrick businesses. These two businesses have the ownership and operation of four container terminals, bulk export facilities, a range of stevedoring equipment and related services, rail operations and investments in a number of joint ventures. Patrick’s ports operations deal with the businesses focused on the operation and provision of services to importers, exporters, shipping lines and other parties engaged in maritime trade. Pacific National is an Australian private freight rail operator that provides bulk haulage and intermodal container services. It provides specialized services, consisting of express freight forwarding and the haulage of long-distance passenger trains. The Company has an 80% ownership of the Patrick Autocare business.

Asciano Group’s goal is to manage and increase the wealth of its assets. The Company also seeks for further opportunities beyond its investment portfolio both in Australia and globally to maximize the value for its security holders. The Company’s competitive advantage lies in its management experience, exceptional transport infrastructure portfolio and strong capital position. In ASX, the Company is the only exposure to stevedoring. Asciano’s excellent exposure to cash-generating assets and its dominant position in market are its key distinguishing factors.

Asciano Group History

Asciano Limited listed on the ASX on 6 of June 2007, as a result of Toll Holdings' decision to restructure into two ASX listed entities Toll and Asciano. The company has a rich history of transport infrastructure asset ownership and value creation through a number of stages in its corporate development life cycle.

In 2007, Asciano took over the ownership of a unique transport infrastructure portfolio, consisting of 100% of Pacific National and the Patrick container ports together with the combined port operations and stevedoring businesses of Toll and Patrick. In 2006, a decision was made by Toll Holdings to restructure the Group into two ASX listed entities - Toll and Asciano. Toll also executed the acquirement of Patrick Corporation the same year, thus having the ownership of Patrick's Container Terminal operations, PortLink and Port Services businesses, and stevedoring operations, with the rest 50% of Pacific National.

In 2002, Toll acquired National Rail Corporation and FreightCorp to form Pacific National, a joint venture between Toll and Patrick Corporation. It also completed the acquisition of BHP Stevedoring business in Port Kembla and Western Port in Australia and Tauranga, Napier and Lyttelton ports in New Zealand in 2002. In 2001, Toll took over the privately owned Strang Stevedoring operation, stevedoring services extended to incorporate Portland, Melbourne and Newcastle. Toll purchased the operating rights to the Port of Geelong in 1997. Toll Group commenced the rail industry business in 1996 with the establishment of Toll Rail.

Asciano Group (AIO) Products and Services

  • Operate ports and private freight rail under the Patrick name

Asciano Group Competitors

  • Queensland Rail
  • SCT
  • FreightLink

Asciano Group (AIO) Locations and Subsidiaries

Asciano Group Head Office
Level 6, Royal Doman Centre
380 St Kilda Rd
Melbourne VIC 3004
Phone: (03) 9284 4000
Fax: (03) 9699 2869
Email: info@asciano.com.au

Asciano Group Subsidiaries

Other Asciano Group Details

Asciano Group Year Established: 2007
ACN: 123 652 862
D-U-N-S: 755584716
ABN: 26123652862

Asciano Group (AIO) Share Price

Submitted by ASX Listed Company on 29 July, 2008 - 16:08

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