A PYMNTS Company

Australia: ACCC green lights Qube’s AAT deal

By  |  November 24, 2016

Australia’s competition regulator won’t oppose logistics firm Qube’s acquisition of the remaining 50 per cent of Australian Amalgamated Terminals after accepting court-enforceable undertakings.

Qube already owns 50 per cent of AAT and is buying the remaining 50 per cent stake from Brookfield Infrastructure Partners and a group of global investment funds.

Australian Competition and Consumer Commission chairman Rod Sims says Qube’s undertakings address its concerns about competition in the supply of vehicle stevedoring, vehicle inspection services, and general cargo stevedoring services at the Ports of Brisbane, Kembla, Melbourne, and Adelaide.

Full Content: SBS News

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.