Macquarie Asset Management (MAM) has signed a Scheme Implementation Deed (SID) to acquire all shares in Qube Holdings Limited. This acquisition, conducted via a scheme of arrangement, values the Australian logistics giant at approximately A$11.7 billion (USD 8.3). The move follows months of negotiations and signals a major shift for the region’s largest provider of port and terminal infrastructure.
Under the terms of the agreement, Qube shareholders will receive $5.20 cash per share. This price represents a 28% premium over the closing price of $4.07 on November 21, 2025. However, UniSuper—a key member of the consortium—will not receive cash. Instead, it will transfer its 15.07% stake into the new holding structure to maintain a corresponding interest in the business.
The consortium includes several high-profile institutional investors. Alongside MAM and UniSuper, the group features Pontegadea, the investment firm of Spanish billionaire Amancio Ortega. Together, these partners aim to support Qube’s existing management team and drive expansion across its 200 sites in Australia, New Zealand, and South-East Asia.
The Qube Board has unanimously recommended that shareholders vote in favor of the deal. This recommendation is subject to no superior proposals emerging and an independent expert concluding the transaction is in the best interests of shareholders. A scheme meeting is currently expected to take place around June 2026.
If the necessary shareholder and regulatory approvals are secured, the transaction is targeted for completion by December 2026. This acquisition marks a significant milestone in the Asia Pacific logistics sector, focusing on long-term supply chain resilience and infrastructure growth.
