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​Pacific National-Aurizon court defeat still vindicates regulator, Australian competition chief says

By James Panichi ( May 27, 2019, 05:07 GMT | Insight) -- A court finding that the acquisition of the Acacia Ridge Terminal in north-eastern Australia by freight operator Pacific National would have harmed competition has vindicated an ultimately unsuccessful court action launched by the country’s competition regulator, its chief says. Speaking at a conference in Sydney over the weekend, Australian Competition & Consumer Commission Chairman Rod Sims described as “good news” the Federal Court of Australia’s ruling that Pacific National’s acquisition of the terminal from rival Aurizon would have harmed competition — even though the court ultimately allowed the deal to proceed.A court finding that the acquisition of the Acacia Ridge Terminal in north-eastern Australia by freight operator Pacific National would have harmed competition has vindicated an ultimately unsuccessful court action launched by the country’s competition regulator, its chief says....

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