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Aurizon's restructuring of Flinders Logistics deal earns it Australian green light

By James Panichi ( November 28, 2024, 07:19 GMT | Insight) -- The willingness of Aurizon Operations and Flinders’ Logistics to restructure a deal to exclude a lease on a berth in the city of Adelaide has allowed the Australian freight-transport and stevedoring companies to clear the regulatory hurdles standing in the way of the transaction. The Australian Competition & Consumer Commission said the restructuring had allayed its concerns over the future operations of a loading facility at Port Adelaide, prompting it to give the merging logistics and stevedoring companies the green light.Aurizon Operations and Flinders’ Logistics willingness to restructure a deal to exclude a lease on a berth in the city of Adelaide has allowed the Australian freight-transport and stevedoring companies to clear the regulatory hurdles standing in the way of the merger....

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