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ANZ Terminals' GLT acquisition raises market-concentration concerns, Australian watchdog says

By James Panichi ( July 25, 2019, 00:37 GMT | Insight) -- ANZ Terminals’ proposed acquisition of bulk-fast and edible-oils storage operator GrainCorp Liquid Terminals suffered a setback today, after Australia’s competition watchdog raised concerns that the deal would reduce competition in three eastern Australian states. In announcing the publication of a statement of issues, the Australian Competition & Consumer Commission said it had preliminary concerns about market concentration in the states of New South Wales, Victoria and South Australia, and that it was also considering the deal’s impact on the northeastern state of Queensland.ANZ Terminals’ proposed acquisition of bulk-fast and edible-oils storage operator GrainCorp Liquid Terminals, or GLT, suffered a setback today, after Australia’s competition watchdog raised concerns that the deal would reduce competition in three eastern Australian states. ...

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