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Aurizon-Flinders Logistics stevedoring deal can proceed, following Australian green light

( November 28, 2024, 03:10 GMT | Official Statement) -- MLex Summary: Publicly listed Australian freight-transport company Aurizon Operations’ plan to acquire Flinders Logistics and its wholly owned subsidy Pirie Bulk under a share-sale agreement is set to proceed, with the country’s competition watchdog clearing the deal. In a statement, the Australian Competition & Consumer Commission announced that a restructuring of the deal had addressed the regulator’s preliminary competition concerns. ACCC Commissioner Philip Williams said the agency had been concerned that Aurizon would have the exclusive right to unload all trains at a specific berth in Port Adelaide that may have led to a substantial lessening of competition.The full statement from the ACCC is below, followed by the competition analysis. ...

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