Asciano shareholders approve takeover

Shareholders of rail and ports giant Asciano have approved a $9.05 billion proposed takeover that still requires regulatory approval.

Asciano shareholders have approved a proposed $9.05 billion takeover of the rail and ports giant.

Asciano in March agreed to a joint takeover by rival bidders - local logistics firm Qube and Canadian infrastructure giant Brookfield, plus six other global investment funds.

The takeover still needs approval from Australia's competition regulator and the Foreign Investment Review Board.