2300 GMT - Logistics group Qube gets a boost from Brookfield's sale of its share of the Patrick container terminals business, Jefferies contends. Brookfield is selling its 50% equity interest to another fund that it controls and some existing investors. Qube said yesterday the transaction was at a modest premium to the enterprise value of Patrick of A$6.6 billion that was disclosed alongside its 1H result. Analyst Anthony Moulder previously estimated the business was worth A$6.3 billion. Updating that number adds some A$0.10/share to Jefferies's valuation of Qube. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
May 01, 2025 19:00 ET (23:00 GMT)
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