ACCC’s concerns delay Asciano deal

Original article by Perry Williams
The Australian Financial Review – Page: 22 : 27-May-16

The Australian Competition & Consumer Commission will not make a final ruling on the $A9bn takeover of ports and rail group Asciano until 21 July 2016. The ACCC’s statement of issues raises a number of concerns regarding the proposed deal, including the impact on competition if the sale of Asciano’s stake in the ACFS Port Logistics joint venture proceeds. The ACCC will accept submissions on its statement of issues until 10 June.

CORPORATES
ASCIANO LIMITED – ASX AIO, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, ACFS PORT LOGISTICS PTY LTD, BROOKFIELD INFRASTRUCTURE PARTNERS LP, GOVERNMENT OF SINGAPORE INVESTMENT CORPORATION PTE LTD, QATAR INVESTCO, BRITISH COLUMBIA INVESTMENT MANAGEMENT CORPORATION, QUBE HOLDINGS LIMITED – ASX QUB, PATRICK CORPORATION LIMITED, SUPREME COURT OF NEW SOUTH WALES, PACIFIC NATIONAL PTY LTD, CANADA PENSION PLAN INVESTMENT BOARD, CIC CAPITAL CORPORATION, DBCT HOLDINGS PTY LTD

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