Qube Agrees to Takeover by MAM-Led Consortium Valuing Its Equity at $6.51 Billion

By David Winning

SYDNEY--Australian logistics operator Qube Holdings said it has agreed to support a takeover offer from a consortium led by Macquarie Asset Management that values its equity at US$6.51 billion.

Qube said its directors unanimously recommend shareholders accept the cash offer from the group led by MAM, a unit of ASX-listed Macquarie Group, worth 5.20 Australian dollars, or US$3.68, a share. The offer represents a 28% premium to Qube's share price on the day before deal talks became known.

Qube, which offers import and export services including road and rail transport, on Monday said one of its biggest shareholders is part of the bid group. Qube said UniSuper would transfer its 15.07% stake in the company at an equivalent value for a corresponding interest in the consortium's holding structure.

When debt is included, Qube said the consortium's offer values the company at A$11.7 billion.

"Since inception, Qube has achieved significant growth and diversification across markets and geographies," said Qube Managing Director Paul Digney. "I am confident that this transaction will provide the platform for the business to continue that evolution while maintaining our strong track record of enhancing supply chains and delivering outstanding customer service."

Qube owns several logistics assets in Australia, New Zealand and Southeast Asia. They include a 50% interest in Patrick Terminals, Australia's leading container terminal operator.

Write to David Winning at david.winning@wsj.com

(END) Dow Jones Newswires

February 15, 2026 18:21 ET (23:21 GMT)