Qube Set to Leave ASX After $11.7B Buyout
Synopsis
The logistics company will be delisted following final approval of its acquisition by a consortium led by Macquarie Asset Management.
Australia’s largest listed logistics firm Qube, $11.7 billion ASX listed, has finalized its final legal step in the Macquarie Asset Management-led consortium’s bid to take it private, with the Supreme Court signing off on the buyout plan.
The approval is the last one required under the scheme of arrangement, following the deal being agreed to by Qube’s shareholders and receiving regulatory clearance.
Qube shares will be suspended before the company is delisted from the ASX and the S&P/ASX 200 index on August 14, 2026, the effective date for the scheme.
Scheme members are entitled to $5.20 per share, comprising $4.80 cash and a fully franked special dividend of 34.65 cents per share, which was paid on 23 July.
Previously, an interim dividend of 5.35 cents per share was distributed on April 14.
Shareholder Structure to Change
The $11.7 billion Qube ASX buyout will change the company’s ownership structure. Prior to the deal, UniSuper held approximately 15 per cent of Qube and it will hold an equity stake in the newly established holding company under the exchange.
Zara founder Amancio Ortega’s investment vehicle Pontegadea is also among the investors.
Offer was a 27.8% premium Offer details contained within transaction documents stating the offer represented a 27.8 per cent premium on Qube’s closing share price prior to the announcement of the offer.
Qube also has operations in New Zealand offering trans-Tasman freight and supply chain services. The company's FY25 Annual Report states operating division revenue came in at $4.5 billion, with underlying net profit after tax up to $305.6 million.
Robust bulk logistics, warehousing and grain export volumes supported this growth, which was partially offset by weaker activity in some container markets.
Taking a major ASX transport and logistics business private as investors are bullish on freight assets infrastructure investment has been a major trend this cycle as Australia exports $670 billion worth of goods, according to the Bureau of Statistics.
Source: Capital Brief
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Pooja Malik is a business journalist with over six years of experience covering startups, entrepreneurship, and emerging trends. She has previously worked with leading media platforms such as YourStory Media and BW BusinessWorld, where she reported on business, policy, and market developments. Currently, she serves as Editor at The Inspirepreneur Magazine, where she writes and edits stories across business, lifestyle, and travel, with a focus on clarity, accuracy, and reader relevance.
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