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Australia's Asciano says has offers for assets

Tue Aug 5, 2008 10:17pm EDT

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SYDNEY, Aug 6 (Reuters) - Asciano Group Ltd (AIO.AX), which rebuffed a A$2.9 billion ($2.7 billion) buyout bid this week, said it has received other offers for its assets, which it plans to sell to fund future growth, Managing Director Mark Rowsthorn said on Wednesday.

It did not give details of the other offers.

Asciano, Australia's biggest port and rail operator, reported a larger-than-expected annual net loss of A$182.1 million ($167 million) reflecting writedown of assets and loss incurred from the sale of its stake in Brambles Ltd (BXB.AX). For details: [ID:nSYD269820]. ($1=A$1.09) (Reporting by Denny Thomas;)



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