Feb 9 • 11:08 UTC 🇪🇸 Spain El País

Amancio Ortega launches a €6.9 billion bid with Macquarie for a logistics operator in Australia

Amancio Ortega and Macquarie lead a consortium to acquire the Australian logistics firm Qube for €6.9 billion.

Amancio Ortega, the founder and majority shareholder of Inditex, has joined an investment consortium led by Macquarie to acquire the publicly traded Australian logistics company Qube. The consortium has made a non-binding offer valuing the company at 11.6 billion Australian dollars, which is equivalent to approximately 6.9 billion euros. This strategic investment marks Ortega's expanding interest in international markets, particularly in the logistics sector.

The proposal was first presented on November 24 when Macquarie indicated an initial offer of 5.2 Australian dollars per share for Qube. Along with Ortega and Macquarie, the consortium also includes investments from Brighter Super, Mercer, and Unisuper. This collaborative effort highlights the increasing importance of logistics in global trade and Ortega's commitment to diversifying his investment portfolio, especially in sectors that support e-commerce growth.

As logistics and transportation continue to evolve, particularly in light of recent global supply chain disruptions, this acquisition may enhance operations for Qube and position Ortega and his partners for future profitability in the logistics market. The participation of reputed investment funds in this consortium underscores the confidence in Australia's logistics capabilities and potential for robust returns on investment, with an eye towards international trade opportunities.

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