Asciano Group (AIO) is Australia’s leading transport and infrastructure company which owns and operates ports and rails across Australia.
AIO secured a long-term rail contract with freight company Sadleirs Transport.
The deal is expected to generate over $150 million in revenue for AIO over a seven year period.
The two companies already have an existing relationship, and the current deal is an extension of their arrangement.
The Australian share price for AIO finished the day up 1.6% on the news.
A steadily rising share price over the last two months would have reflected a fantastic share to buy.
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